🇺🇸🔥 U.S. Investment Accelerates in Iraq | Akkas Gas Field Becomes Strategic Energy Pivot for Anbar 🌍💨

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🇺🇸🔥 U.S. Investment Accelerates in Iraq | Akkas Gas Field Becomes Strategic Energy Pivot for Anbar 🌍💨

📈 American Company Schlumberger Leads Development of Massive Gas Reserves

🛢️ Akkas Field: Iraq’s Next Big Energy Play

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

🔄 Why It Matters NOW:

🇮🇶 Iraq is shifting gears as it faces:

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📉 Economic pressure from new European sanctions on Iran
💵 Need to reduce dependency on Iranian energy imports
📉 Challenges from the snapback mechanism in sanctions enforcement

🗣️ 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.”

🇺🇸 U.S. Companies Expanding Rapidly in Iraq

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

🎯 Production goals:

✅ 100 million cubic feet/day (initial phase)
🔜 400 MMcf/day in future phases
⚡ 60 MMcf/day to power the Anbar Combined Cycle Power Plant

💼 Investment Forum Confirms U.S. Momentum

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

🌐 Geopolitical Impact:

🔄 Akkas could offset 35% of Iraqi imports of Iranian gas
📉 Helps stabilize energy prices, supports local job creation
👷‍♂️ Could generate 10,000+ jobs in early stages
🏦 Boosts Anbar’s economy and national revenue

⚖️ But challenges remain:

🧨 Risk of tension with Iran
💱 Currency smuggling and inflation
🤝 Iraq must maintain a delicate balance in foreign relations

🧠 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