America's Energy Play in Iraq: A New Phase of Great Power Competition The United States is increasing its efforts to solidify its position as a major player in Iraq's energy sector, with significant investments from BP and ConocoPhillips expected to be announced this week.
The stakes are high, as billions of dollars in new investment aim to reduce Iran's influence over regional energy markets.
At first glance, the development appears to be a straightforward business deal between US companies and the Iraqi government.