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US firms involved in $8 Billion Iraqi power project deals

Five US firms signed or would be signing deals valued by as much as $8 billion with the Iraqi government as Prime Minister Mustafa al-Kadhimi declared his country open for American investments.

According to the US Department of Energy, the five firms were Chevron Corp, Honeywell International Inc, General Electric Co, Baker Hughes Co, and Stellar Energy.

General Electric had signed two deals with the Iraqi Ministry of Electricity to undertake power plant maintenance and bolster its transmission network.

Chevron Corp is expected to sign a deal to develop one of Iraq's large oil fields.

Officials from the two countries would also announce natural gas and power-technology deals with Honeywell International Inc, and Stellar Energy.

The agreements were signed following a meeting of the Iraqi ministers with US Energy Secretary Dan Brouillette and a roundtable in Washington on Wednesday with the Iraqi prime minister and the US energy industry.

US companies will unveil the agreements with the Iraqi government during Iraqi Prime Minister Mustafa al-Kadhimi's first visit to the White House on Thursday.

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