President Trump welcomed Iraqi Prime Minister Mustafa al-Kadhimi to the White House Thursday for negotiations over the fate of 5,200 active-duty U.S. troops stationed in Iraq. Speaking to reporters after an Oval Office meeting, the prime minister said Iraq’s vast oil fields were open to American oil companies and investors.

Prime Minister Mustafa al-Kadhimi: “Iraq is open for American business and investment, and for a better future for Iraq and Iraqi people.”

The Energy Department reported this week several U.S. companies, including Honeywell and GE, signed oil contracts worth up to $8 billion with Iraq.