Kadhimi woos Washington
The new Iraqi premier is leveraging the US administration’s loathing for Iran to secure energy investments
Iraqi prime minister Mustafa Kadhimi's first official trip to the US in late August, just months into the job, was followed by the announcement of a slew of gas and power-focussed deals with American energy companies. The White House described them as being designed to enable "rapid progress towards energy independence from Iran". Yet the details of the deals—or lack thereof—suggest Iran has little immediate cause to fear losing either the cash or political influence it gains from its arrangement. The five US agreements’ stated value of “up to $8bn” covers a broad range—and only one had a specific value attached. The key accord, in terms of the core US aim of increasing Iraqi gas production,

Also in this section
25 July 2025
KRG, Iraq’s central government and Turkey are all working to get exports flowing from the key port, but complications remain
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats