AGP Executive Report
Last update: 8 hours agoOil and Gas: Gulf Keystone and ShaMaran agreed a $601 million merger, creating a producer with about 53,000 barrels per day across Kurdistan and federal Iraq; completion is expected in mid-2027. Iraq’s oil exports topped 3.4 million barrels per day this month, though Baghdad says the regional conflict has cost the country $60 billion in lost revenue. Markets: Iraq Stock Exchange trading value fell 67% week-on-week to 2.56 billion dinars, despite a 6.8% rise in shares traded. Banking: State-owned Rasheed Bank expanded lending, offering eligible borrowers financing of up to 125 million dinars. Trade and Investment: Türkiye says the Iraq-Europe Development Road could generate $55 billion for its economy over a decade, while Iraq and Somalia are working to revive trade and livestock exports. Business Climate: Consultations are under way on reforming Iraq’s Companies Law, and the government plans 16 new LPG storage tanks.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
