AGP Executive Report
Last update: 5 hours agoEnergy Investment: Iraq’s PM Ali al-Zaidi met TotalEnergies in Paris, saying Iraq will push gas investment for self-sufficiency and raise oil output toward 10 million bpd, while TotalEnergies plans to lift Iraq spending from $12B to $16B and talks include preparations for an energy conference in Baghdad. Oil Market Shock: Saudi Arabia’s East-West pipeline is mostly shut for repairs after drone attacks blamed on launches from Iraq, with restoration expected in weeks—adding pressure to already tight flows as Brent trades above $108. Regional Trade & Borders: Iraq resumed phased trade and passenger movement through border crossings with Iran (al-Shaib, Shalamcheh, Mandali), after temporary closures tied to the Saudi pipeline attack and security reviews. Governance & Budgeting: Iraq’s Finance Ministry plans to submit the 2027 federal budget bill to Parliament on Oct. 15, after years without an enforceable federal budget. Anti-Corruption: An Iraqi court sentenced a senior Electricity Ministry official to seven years for illicit enrichment, ordering repayment and fines totaling about $19.5M. Social Pressure in Basra: Basra saw protests from education workers and graduates over unpaid salaries, hiring disputes, and job demands, including sit-ins affecting major oil-related offices. Diplomacy on Hormuz: Iran-Oman talks on temporary Strait of Hormuz routes were postponed, with Saudi objections cited amid rising regional tensions.
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