AGP Executive Report
Last update: 8 hours agoOil Exports: Flows through Turkey’s Ceyhan terminal rose to 500,000 barrels per day, including Basra crude trucked north. Iraq is also discussing a Basra–Haditha pipeline and oil, refining and petrochemical projects with Jordan and Egypt, aimed at opening routes to the Red Sea and Mediterranean. Power Investment: Italy’s Ansaldo Energia reviewed proposals for new generation projects, associated-gas use at Zubair and upgrades to existing power stations. Khor Mor maintenance is complete, restoring electricity supplies in the Kurdistan Region. Economic Outlook: Iraq has opened discussions with the IMF on a new programme as war-related risks threaten economic contraction; a renewed Hormuz closure could put much of its oil revenue at risk. Infrastructure: A new gas-flaring deal with a U.S. firm and progress on the Development Road could support investment and trade, while Iraq’s central bank says the gap between official and parallel dollar rates has narrowed to 9%.
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