Friday, October 3, 2025

๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ”ฅ U.S. Investment Accelerates in Iraq | Akkas Gas Field Becomes Strategic Energy Pivot for Anbar ๐ŸŒ๐Ÿ’จ

๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ”ฅ U.S. Investment Accelerates in Iraq | Akkas Gas Field Becomes Strategic Energy Pivot for Anbar ๐ŸŒ๐Ÿ’จ

๐Ÿ“ˆ American Company Schlumberger Leads Development of Massive Gas Reserves


๐Ÿ›ข️ Akkas Field: Iraq’s Next Big Energy Play

๐Ÿ“ Located in Anbar Province, the Akkas gas field is now being developed by Schlumberger, a major U.S. oilfield services company.
๐Ÿ“Š Estimated reserves: 5.6 trillion cubic feet of natural gas — the 2nd-largest gas field in the Middle East!


๐Ÿ”„ Why It Matters NOW:

๐Ÿ‡ฎ๐Ÿ‡ถ Iraq is shifting gears as it faces:

  • ๐Ÿ“‰ Economic pressure from new European sanctions on Iran

  • ๐Ÿ’ต Need to reduce dependency on Iranian energy imports

  • ๐Ÿ“‰ Challenges from the snapback mechanism in sanctions enforcement

๐Ÿ—ฃ️ Iraqi MP Dahel Al-Hamidi:

“This is more than just an oil deal — it’s a signal that Iraq’s investment climate is stabilizing and opening to the world.”


๐Ÿ‡บ๐Ÿ‡ธ U.S. Companies Expanding Rapidly in Iraq

✅ Following delays with a Ukrainian contractor, the Oil Ministry opened new opportunities
๐Ÿ“„ Schlumberger signed the deal, replacing the previous non-performing partner
๐Ÿ”ง Work has already begun on-site, including drilling and infrastructure prep

๐ŸŽฏ Production goals:

  • ✅ 100 million cubic feet/day (initial phase)

  • ๐Ÿ”œ 400 MMcf/day in future phases

  • ⚡ 60 MMcf/day to power the Anbar Combined Cycle Power Plant


๐Ÿ’ผ Investment Forum Confirms U.S. Momentum

๐Ÿ—“️ During the Iraq Investment Forum (Sept 27–28, 2025), multiple American firms confirmed plans to invest in oil and gas fields.


๐ŸŒ Geopolitical Impact:

๐Ÿ”„ Akkas could offset 35% of Iraqi imports of Iranian gas
๐Ÿ“‰ Helps stabilize energy prices, supports local job creation
๐Ÿ‘ท‍♂️ Could generate 10,000+ jobs in early stages
๐Ÿฆ Boosts Anbar’s economy and national revenue

⚖️ But challenges remain:

  • ๐Ÿงจ Risk of tension with Iran

  • ๐Ÿ’ฑ Currency smuggling and inflation

  • ๐Ÿค Iraq must maintain a delicate balance in foreign relations


๐Ÿง  Summary:

✔️ Akkas = Strategic U.S.-Iraq energy project
✔️ Schlumberger leads with active drilling underway
✔️ Major step toward energy independence from Iran
✔️ Iraq opens doors to global investment, signaling new economic direction
✔️ High stakes — both opportunity and geopolitical risk


๐Ÿ“ฒ Stay Updated on Iraq's Energy Evolution:

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GOLDILOCKS: Banks Ready for Upcoming Currency Swaps – All Tests Finished ‪@DINARREVALUATION‬ #Iraq

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