AGP Executive Report
Last update: 7 hours agoIraq Anti-Corruption Push: Iraq’s anti-graft drive continues to expand, with raids and arrests targeting oil and state-linked officials, including reports of cash and gold seizures and probes into state bank figures—signaling the government’s push to recover public funds and tighten oversight. Oil & Trade Flows: Gulf oil exports rose in June as Strait of Hormuz traffic recovered after the US-Iran ceasefire, with combined crude and condensate exports from key producers (including Iraq) climbing back toward pre-war levels, easing shipping bottlenecks and supporting market sentiment. NNPC Refinery Partnership Review: Nigeria’s NNPC began a due-diligence evaluation phase for proposed private partner involvement in the Port Harcourt and Warri refineries, a reminder of how refinery rehabilitation is increasingly tied to performance-based commercial deals. Regional Energy Risk Watch: Iran reiterated strict navigation expectations for vessels transiting the Strait of Hormuz, keeping pressure on shipping operators and reinforcing how quickly energy logistics can swing with geopolitical tensions. Diplomacy & Regional Politics: Iraq’s ties to Iran remain in focus as Tehran hosts major Khamenei funeral ceremonies drawing senior regional leaders, including Iraqi representation, while Baghdad also announces local shutdowns to manage processions.
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