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Al-Sudani briefs Washington on economic and financial reform efforts and calls on its companies to invest in Iraq
5/15/2024
On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani briefed US Assistant Secretary of State for Energy Resources Affairs Jeffrey Payette on the government’s efforts and steps in the field of economic and financial reform, calling on American companies to work and invest in Iraq.
In the meeting, which was attended by the US Ambassador to Iraq, the most prominent files of cooperation in the field of energy, in all its forms, and ways to develop it were reviewed, in a way that contributes to achieving common interests, according to a statement issued by Al-Sudani’s office and received by Shafaq News Agency.
During the meeting, Al-Sudani stressed the government’s keenness to implement its executive approach within the axis of achieving energy self-sufficiency, in the areas of exploiting locally produced natural and associated gas, generating electricity, providing petroleum derivatives, and producing chemical fertilizers and petrochemical materials, pointing to the memorandums of understanding that were signed during his visit to The United States of America last April, which is being implemented on the ground.
Al-Sudani pointed to the government's efforts and steps in the field of economic and financial reform, especially in the areas of tax, customs, and the banking sector, and completing the elements of the ideal investment environment, calling on American companies to work and invest in Iraq.
For his part, Payet praised the efforts of the Iraqi government in developing the energy sector. He also referred to the joint statement of the Prime Minister and US President Joseph Biden, which represents a road map and framework for fruitful work and cooperation, stressing the desire of American companies to invest and expand their activities inside Iraq.
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