Ali Razouqi, Deputy Director of the PM’s Office and Chairman of the Supervisory Committee for the Iraq Investment Forum, announced on Monday that US companies are planning to invest in Iraqi oil and gas fields, noting that the forum achieved significant success.
“Iraq Investment Forum witnessed remarkable success by attracting major international companies in the fields of oil, industry, agriculture, and other investment sectors. This success reflects Iraq’s security and economic stability, which creates an attractive environment for investors,” Razouqi told the Iraqi News Agency – INA.
He added that “the National Investment Authority previously indicated its success in attracting at least $100 billion in local and foreign capital, but this figure is expected to rise steadily after the forum. The forum included panel discussions with several experts to explain Iraq’s investment philosophy and the policies of the relevant ministries, as well as workshops that showcased available investment opportunities in cooperation with relevant companies.”
“The forum resulted in the referral of several investment opportunities to international and local companies,” said Razouqi. “This is a tangible achievement. Iraq has witnessed broad competition among companies for investment opportunities following this forum. Areas that were previously classified globally as ‘red zones’ are now open to investment after the uncertainties surrounding them have been resolved.”
He pointed out that “US companies have been moving to Anbar province to invest in some oil and gas fields. The coming period will see an increasing trend in this direction.”
