Iraq Signs 48 Agreements and Memoranda of Understanding with U.S. Sectors

Under the patronage of the Prime Minister, 48 agreements, memoranda of understanding, and economic cooperation deals were signed between Iraq and various American sectors, including oil, industry, technology, and finance.

Al-Muraqeb Analysis:

While this step is being presented as an economic achievement, it raises major questions regarding the independence of Iraq’s economic decision-making:

Complete Dependency:

Handing over 48 projects and memoranda of understanding at once to U.S. sectors represents, according to critics, a full dependency of vital state sectors — including oil, industry, finance, and technology — on the American side alone, rather than pursuing diversified international partnerships.

Oil Revenues and Lost Sovereignty:

These agreements come at a time when Iraq’s oil revenues remain subject to U.S. oversight and control through the Federal Reserve Bank of New York.

Conclusion:

The Prime Minister is granting Washington major investment and production opportunities, while Iraq’s financial resources and economic leverage remain, according to critics, under American influence. This policy does not build an independent economy; rather, it deepens dependency and leaves the Iraqi economy increasingly vulnerable to U.S. control.