AGP Executive Report
Last update: 7 hours agoOil and Gas: Gulf Keystone and ShaMaran agreed a $601 million merger, creating a producer with about 53,000 barrels per day across Kurdistan and federal Iraq; completion is expected in mid-2027. Iraq’s oil exports topped 3.4 million barrels per day this month, though Baghdad says the regional conflict has cost the country $60 billion in lost revenue. Markets: Iraq Stock Exchange trading value fell 67% week-on-week to 2.56 billion dinars, despite a 6.8% rise in shares traded. Banking: State-owned Rasheed Bank expanded lending, offering eligible borrowers financing of up to 125 million dinars. Trade and Investment: Türkiye says the Iraq-Europe Development Road could generate $55 billion for its economy over a decade, while Iraq and Somalia are working to revive trade and livestock exports. Business Climate: Consultations are under way on reforming Iraq’s Companies Law, and the government plans 16 new LPG storage tanks.
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