AGP Executive Report
Last update: 7 hours agoIraq Oil & Exports: Iraq’s Oil Minister Basim Mohammed Khudair says exports have climbed to about 2 million bpd since early August, after the Strait of Hormuz disruption hit shipments hard; July exports averaged around 1.5 million bpd. Anti-Corruption at Ports: Prime Minister Ali al-Zaidi ordered faster automation and full digital integration at border ports, including daily reporting and tighter controls on smuggling and illegal financial activity, with the Border Ports Authority moving to link systems with ASYCUDA. Electricity Sector Crackdown: Iraq’s Integrity Commission arrested a deputy minister at the Ministry of Electricity over alleged financial violations, as the government pushes a second phase of its anti-corruption drive. Budget Planning: Iraq’s parliament is set to hold the first reading of the 2027 budget next week, with delays blamed partly on the financial strain from Hormuz-related export losses. Regional Energy Pressure: With Hormuz traffic still volatile, Iraq is reportedly selling crude to ADNOC as a workaround, while attacks on Hormuz shipping continue to raise risk for Gulf trade.
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