AGP Executive Report
Last update: 7 hours agoIraq Oil Exports Surge: Iraq’s daily oil exports in August have rebounded to about two million barrels per day, the highest since the Iran war began, as Baghdad leans on alternative routes beyond the Strait of Hormuz and boosts storage and terminal readiness. Energy Imports Plan: Iraq is set to raise electricity imports from neighboring countries, while aiming to double power production, transmission, and distribution capacity by 2027 to close the summer supply gap. Safety Crackdown: Kurdistan civil defense says it has closed 900 non-compliant commercial buildings this year for failing fire and safety standards, targeting highly flammable materials and electrical risks. Export Route Push: Lebanon and Iraq discussed reviving the Kirkuk–Tripoli pipeline to use Lebanon as a storage and re-export hub, with border and safety upgrades planned to attract investment. Turkey Hub for Crude: With Hormuz risks rising, Türkiye’s Ceyhan is being positioned as a storage and trading hub, including renewed use of the Kirkuk–Ceyhan route. Regional Shipping Tensions: Iran and the US remain locked in a Hormuz standoff, with Iran insisting the strait will remain under its control as attacks and insurance worries keep trade under pressure.
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