Major energy companies returning to Iraq, US investor tells Washington forum

WASHINGTON, United States — WASHINGTON — The chief executive of Himara Trading, Jeffrey Kaspber, said in Washington that Iraq's investment climate is undergoing a deep transformation, with the Iraqi government and the United States showing a joint commitment to facilitating transparent and sustainable investment channels for American private companies. Kaspber said political stability and peaceful transfers of power across multiple election cycles have boosted international investor confidence. He said his company, which operates in the energy, electricity and fuel sectors, has gained strong momentum and that major global firms that previously left Iraq or remained on the sidelines in recent years have returned to the negotiating table for new investments. He described the shift as a signal of the market's seriousness and attractiveness. Separately, Adam Kortizi was reported to have opened an office in Baghdad to develop a solar energy project through Sun Africa and UGTR in cooperation with the Kâr Group. The remarks came as Iraqi Prime Minister Ali al-Zaydi visits Washington, where more than 18 agreements between Iraq and the United States are expected to be signed.