AGP Executive Report
Last update: 7 hours agoOil Logistics: Iraq expects to begin trucking crude through Syria to the Mediterranean by mid-October, creating an alternative export route as Hormuz disruptions constrain shipments. Gas and Refining: KBR will design gas-capture facilities for Basrah Gas Company and local partner AKT at West Qurna-1, targeting flaring reduction. A Qayyarah refinery project has also received regional approval, with planned capacity of 70,000 barrels a day. Upstream: Exploration is continuing at Block 7, while drilling has resumed at the Akkas gas field. Industry and Technology: Al-Salam General Company and ZTE signed an MoU covering technology transfer, local equipment assembly and engineer training. Agriculture: Baghdad opened a plant genetic resources bank and approved its 2026/27 winter farming plan. Business Climate: The dinar’s official rate reset to 1,500 per US dollar is raising concern over import costs; officials have pledged to ensure dollar availability.
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