Friday, August 7, 2026
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Baghdad

US and Iraq Partner to Modernize Financial Sector

Baghdad, Iraq- Iraq’s Minister of Oil, Hayan Abdul Ghani Al-Sawad, held a meeting on Sunday with Elbrus Kutrashev, the Russian Ambassador to Baghdad, along with a delegation from Russia’s OMK Group. The discussions centered on expanding bilateral cooperation between Iraq and Russia in the oil, gas, and energy sectors.

The Russian delegation, representing OMK Group, which is one of Russia’s leading producers of pipes, railway wheels, and steel products, focused on exploring potential opportunities for collaboration in energy infrastructure. OMK is known for supplying essential materials to energy, transport, and industrial sectors.

The meeting marks a significant step in strengthening economic ties between Iraq and Russia, with a focus on enhancing collaboration in key sectors that are crucial for Iraq’s energy strategy.

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