US companies sign energy agreements with Iraq

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US companies sign energy agreements with Iraq

U.S. firms signed several oil-related and other deals with Iraq on Friday, days after President Trump said the two sides would be “doing a lot of deals” because of the Middle Eastern nation’s oil.

© Julia Demaree Nikhinson, Associated Press

Among the U.S. companies that signed energy-related deals during an event at the U.S. Chamber of Commerce were Chevron, ConocoPhillips, HKN Energy and Halliburton.

Chevron signed deals related to the development of Iraqi oil fields and a potential cross-border pipeline between Iraq and Syria.  

ConocoPhillips signed one deal related to the potential exploration of a gas field, as well as an agreement to join BP in developing an oil field.

And HKN signed a contract for oil field development and production. 

Some agreements pertained to other industries rather than energy and included companies such as Cisco, JPMorgan, Starlink and PepsiCo.

Some of the deals were characterized as preliminary or nonbinding or were agreements to hold future discussions. 

“Our goals in the Middle East are to transform a region that’s been riven by too much conflict and diffuse those conflicts and replace them with commerce,” Energy Secretary Chris Wright said.

Chamber of Commerce President and CEO Suzanne Clark said Friday that in total the many deals announced were........

© The Hill