WesternZagros, a US-based energy company, has taken a major step forward in Iraq energy growth. The company officially secured the Topkhana block in the Kurdistan Region. This acquisition boosts both energy security and economic development in the area.
Therefore, the Topkhana block is rich in oil and gas. It sits next to the Kurdamir block, which WesternZagros also operates. Together, the two blocks contain around 5 trillion standard cubic feet of natural gas. They also hold an estimated 900 million barrels of crude oil.
This new project marks a key moment in Iraq energy growth. It supports the Kurdistan Regional Government’s goal of stable and sustainable electricity. Millions of residents across the Region will benefit from better energy supply.
The development will happen in several phases. Over time, the project could earn up to $70 billion in total revenue. That income will help create jobs, fund infrastructure, and improve public services.
WesternZagros Chairman Toufic Chahine called the move essential for future energy security. He said it will help deliver 24/7 power to people in the Kurdistan Region. It could also expand to serve other parts of Iraq and the Middle East.
The company plans to work closely with the Kurdistan Regional Government. This partnership aims to support energy self-sufficiency, reduce reliance on imports, and build long-term resilience. It also shows how global partnerships can power local progress.
Chahine praised the leadership of Prime Minister Masrour Barzani. He noted that the KRG’s vision has made Iraq energy growth possible. The U.S. government also supports this cooperation, recognizing its value to regional development.
The Topkhana project will need new infrastructure and skilled workers. This will provide many job opportunities for local residents. It will also attract more global investors to the Kurdistan Region.
In conclusion, Iraq energy growth is accelerating with WesternZagros’ acquisition of the Topkhana block. The deal brings major benefits for the people of Kurdistan. It helps ensure a future with reliable energy and economic progress.