AGP Executive Report
Last update: 9 hours agoEnergy and Trade: Prime Minister Ali al-Zaidi’s Damascus visit focused on expanding trade and resuming Iraqi oil exports through Syria’s Baniyas pipeline, with potential capacity of 2 million barrels a day. Technical details and a timeline remain unclear. Iraq is also considering a Basra–Ceyhan route to reduce reliance on the Strait of Hormuz. Anti-corruption: Courts sentenced two lawmakers and a former oil-products distribution chief over refinery-linked contract corruption. The former official was ordered to repay $37 million; the politicians also face prison terms and repayment orders. Investment: Basra approved a $900 million residential city, Iraq signed a telecoms deal with Huawei, and investment officials held talks with Qatari investors about projects including factories. Public finances: Iraq’s 2027 budget bill is expected in parliament in mid-November, amid disputes over Kurdistan’s share and a reported gap in pension funding.
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