AGP Executive Report
Last update: 8 hours agoEnergy Security: A drone strike halted production at the Khor Mor gas field, disrupting electricity supplies; officials say the shutdown costs more than $4 million a day. Baghdad and Erbil have formed a joint committee to investigate and prevent further attacks. Oil Markets: Brent fell below $90 a barrel as hopes of de-escalation eased supply fears, while oversupply concerns weighed on prices. Iraq is targeting production of 10 million barrels a day by 2030, but a 900,000-barrel-a-day gap in output data complicates its push for a higher OPEC+ quota. Trade and Borders: Iraq reopened the Shib crossing with Iran to passengers and commercial goods after three weeks, but will temporarily close Mandali on Friday for maintenance. Federal Budget: Baghdad and Erbil are discussing the Kurdistan Region’s share of the 2027 budget, alongside oil management.
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