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Iraq Seeks SOCAR Investment in Key Oil Projects

Iraqi Prime Minister Mohammed Shia al-Sudani on Wednesday urged Azerbaijan’s state oil company, SOCAR, to invest in Iraq’s oil extraction sector.

The call was made during a meeting in Baghdad with Azerbaijani Foreign Minister Jeyhun Bayramov. According to a statement from the Prime Minister’s office, al-Sudani reaffirmed Iraq’s commitment to strengthening its partnership with Azerbaijan and welcomed SOCAR’s potential involvement in oil development projects. He also highlighted Iraq’s ongoing efforts to expand natural gas production and attract leading international energy companies.

Foreign Minister Bayramov conveyed greetings from Azerbaijani President Ilham Aliyev and extended an invitation for Prime Minister al-Sudani to visit Baku.

The talks also covered broader investment opportunities and both sides agreed to activate joint initiatives to deepen bilateral cooperation. Regional developments were also discussed, with particular focus on Israel’s continued military actions in Gaza and Lebanon.

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