AGP Executive Report
Last update: 7 hours agoExport Routes: Iraq expects to finish negotiations by year-end on a pipeline carrying oil from Haditha to Syria’s Baniyas coast, reviving a route to the Mediterranean. A planned Basra–Haditha link would connect southern production to the corridor and reduce reliance on Gulf shipping. Currency & Prices: The dinar’s devaluation continues to pressure household budgets. Baghdad has paused tariffs on imported poultry and eggs amid food inflation, while economists say the wider price surge remains limited. Oil Income: Iraq is exporting about 2.7 million barrels a day, with oil revenues reported at roughly $5 billion a month. Investment & Trade: Baghdad is also pursuing an oil-for-funding agreement with Turkey for its development road project, and Lebanon’s exports to Iraq topped $595 million in the second quarter.
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