AGP Executive Report
Last update: 9 hours agoIraq Oil & Exports: Iraq’s oil exports rebounded to above 3 million bpd in September after earlier disruptions tied to the Strait of Hormuz and a northern pipeline shutdown, with Baghdad citing new refining focus and fresh foreign partnerships. Central Bank Watch: The CBI said Al-Taif Islamic Bank withdrawals and obligations will be handled gradually under guardianship for 18 months, prioritizing salaries and protecting depositors after “serious violations.” Banking Oversight: Iraq also moved to curb forex risks, with the CBI revoking licenses of three forex companies and warning investors about fraudulent financial entities. Energy Deals & Routes: Iraq is pushing to restore and expand the northern export route with Ankara to reduce reliance on Hormuz, while talks continue on regional connectivity. Regional Security Spillover: Iran fired ballistic missiles at US-linked targets including Iraq’s Erbil region, and US forces struck five Iran-linked oil tankers tied to IRGC networks, underscoring how shipping and energy flows remain tightly linked to the wider conflict. Tourism Push: Iraq’s heritage sector is calling for a national tourism strategy to turn sites like Babylon and Ur into a stronger jobs and revenue engine. Kurdistan/Armed Groups: Iraq’s PMF is preparing to absorb PKK members not covered by Turkey’s disarmament process, raising new security and smuggling-route concerns. Business & Trade Expo: Baghdad hosted the 4th Iraq International Exhibition for Oil, Gas and Petroleum Projects, with Chinese firms highlighting technology transfer and scholarships.
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