In light of the recent conflicts in the area, the oil and gas industry in Iraq has suffered many transformations and it is clear that many of them have influenced the security of the country. Lately, the United States are said to have contributed with advice on security matters and oil infrastructure, mainly because there have been several attacks on pipelines. Baghdad authorities are making efforts to stabilize the economy, but the situation remains tense and there are still few optimistic prospects. The US Energy and State Department has announced a collaboration with Iraqi authorities, with a view to offer protection from frequent attacks in the area. It is a notable event, not only at a local scale, but also on a global one. Oil and gas companies all over the world have already picked up the news and are interested in finding out how this will affect their activity.