Erbil, Kurdistan Region – WesternZagros, a U.S.-based privately owned exploration and production company operating in the Kurdistan Region of Iraq, proudly announces its successful acquisition of the resource-rich Topkhana Block—an important milestone in the Region’s path toward greater energy independence and economic transformation.

This strategic agreement marks a significant step forward in the Kurdistan Regional Government’s (KRG) efforts to bolster energy security and expand access to reliable electricity for millions of citizens. It aligns closely with the KRG’s long-term development vision and energy infrastructure plans.

The combined Topkhana-Kurdamir area—now under WesternZagros’s development portfolio—holds an estimated 5 trillion standard cubic feet of natural gas and 900 million barrels of recoverable crude oil, positioning it as one of the most valuable energy assets in the Region. Developed through a phased approach, the project is expected to generate approximately $70 billion in revenue over its lifetime.

“The development of the Topkhana Block, together with our adjacent Kurdamir Block, represents a transformative opportunity,” said Toufic Chahine, Chairman of WesternZagros. “This initiative will play a pivotal role in securing around-the-clock electricity access across the Kurdistan Region and, over time, contribute to broader energy stability across Iraq and the region.”

This acquisition not only strengthens the Region’s energy resilience but also highlights the value of international partnerships. It serves as a model for effective collaboration between American energy companies and the KRG, supported by the United States Government.

“We are honored to continue our partnership with the Kurdistan Regional Government under the leadership of Prime Minister Barzani,” Chahine added. “Together, we are laying the foundation for a brighter, more energy-secure future for the Region.”