Iraq is moving away from dependence on Iran, with major U.S. companies making large investments—nice!

Crypto界网 reports that BP and ConocoPhillips plan to announce on Friday a multi-billion-dollar investment in Iraq to support the country’s energy sector and reduce reliance on Iran. The announcements are expected to take place at the U.S.-Iraq Business Summit, where Iraqi Prime Minister Ali Zaidi will meet with senior U.S. officials and executives of major energy companies. The summit is expected to result in more than $60 billion in agreements and memorandums of understanding. BP and ConocoPhillips’ investment will total several billion dollars, and specific commitment details have not yet been disclosed.