PMs

The deals include rebuilding the long-defunct Iraq-Syria crude oil pipeline, which could bypass the Strait of Hormuz.

Iraq has struck dozens of agreements and partnerships with American companies, many in the oil sector, during a visit to the United States by Prime Minister Ali al-Zaidi.

“A total of 48 agreements, memoranda of understanding, cooperation agreements and partnership declarations were signed between public and private sector entities in Iraq and the United States,” the Iraqi leader’s media office said on Saturday.

They include “cooperation and partnerships involving the ministries of oil and electricity … with ExxonMobil, KBR, GE Vernova, Shell and Halliburton”, as well as several deals related to the construction of a major crude oil pipeline between Iraq and Syria.

Iraq also signed a deal with Starlink, which dominates the global satellite communications sector, to introduce services to the country.

The preliminary deals, signed at a US-Iraq business summit at the US Chamber of Commerce in Washington on Friday, come as Baghdad seeks to move away from dependence on the Strait of Hormuz, where shipping and oil exports have been heavily disrupted due to the US-Israel war against Iran.

Iraq and Syria signed a cooperation agreement to reconstruct the long-defunct Iraq-Syria oil pipeline, which runs from the oil-rich Kirkuk region in northern Iraq to Syria’s Mediterranean port of Baniyas.

Iraq’s state news agency reported that major US energy company Chevron would carry out the project under the agreement.

The US Department of State said it welcomed Iraq and Syria’s plan to rehabilitate the pipeline, for which a “US-led international consortium” would “execute the technical and financial aspects”.

“Upon rehabilitation, this groundbreaking project will have an initial transport capacity of two million barrels per day of crude oil,” the department’s statement said. It described the pipeline as “a critical energy corridor linking Iraqi oil production to Mediterranean export markets and beyond”.

‘Make Hormuz an afterthought’

The US ambassador to Turkiye, Tom Barrack, said Iraq’s latest oil pipeline agreements would lead to a programme “that will make the Strait of Hormuz an afterthought”.

In addition to the Syria pipeline project, Chevron signed two other agreements with Iraq focused on boosting oil production, according to the company’s president of corporate business development, Jake Spiering.

In total, Iraq’s initial agreements with US firms, spanning the energy, healthcare and technology sectors are worth more than $60 billion, Reuters reported.

“We are using an open-door policy,” al-Zaidi ⁠⁠said at the business summit. “Everybody who has a project can come and talk to us. We will not make it difficult for anyone.”

Begona Gomez is accused of using her position as the prime minister’s wife ⁠to secure work contracts.

The wife of Spain’s Prime Minister Pedro Sanchez has been barred from travelling abroad as she prepares to face trial on corruption charges.

Investigating judge Juan Carlos Peinado issued the ruling on Saturday, ordering Sanchez’s wife, Begona Gomez, to hand in her passport and appear in front of court twice per month until a verdict is issued. She is charged with embezzlement, influence peddling, corruption in business dealings and misappropriation of funds.

Gomez has consistently denied any wrongdoing in the case, which stems from a complaint filed by an anticorruption group with far-right ties. It focuses on the creation and management of a chair at Madrid’s Complutense University that was co-directed by Gomez, as well as the alleged use of public resources and personal connections to advance private interests.

Sanchez has dismissed the allegations against his wife as an attempt by the right wing to undermine his government. Sanchez’s Socialist Party has said Gomez is innocent and subject to a years-long campaign of political persecution

No date has yet been set for the politically explosive trial.

The case is one of several corruption investigations involving Sanchez’s allies that are approaching trial or already before the courts, increasing pressure on the prime minister.

Several close allies, including the Socialist Party’s number three ⁠and Sanchez’s former transport minister, are under investigation in cases involving alleged ⁠kickbacks linked to public works, oil ⁠and gas contracts, and the procurement of masks during the pandemic. They deny wrongdoing.

Separately, Spain’s High Court said it was investigating former ‌Prime Minister Jose Luis Rodriguez Zapatero over allegations he led a network that profited from lobbying public authorities ‌on ‌behalf of third parties, including airline Plus Ultra. He denies the claims.

Sanchez, who has not been named in any of the cases, has rejected opposition calls to step down and call early elections.