AGP Executive Report
Last update: 8 hours agoOilfield Development: Iraq’s Oil Ministry pressed United Energy Group to meet agreed timelines for Block 9, Siba gas field and Fao exploration projects. DNO, buoyed by resumed Kurdistan production, plans to expand drilling in 2027 and may add a third rig. Regional Export Links: Baghdad and Damascus are discussing the Kirkuk–Baniyas pipeline, with a proposed capacity of 2 million barrels a day. Development Road: Designs are nearing completion, with 95% of railway plans and 92% of highway plans finished; the project could create 100,000 jobs in its first phase. A KRG deputy minister says the route unfairly bypasses Kurdish areas and is calling for a railway link through Kirkuk and Erbil. Energy Financing: The IMF is preparing a lending program as war-related disruption threatens Iraq’s economy. Industry Investment: A proposed merger of Gulf Keystone and ShaMaran would unite Iraqi oil assets in a producer with projected output of 53,000 barrels a day and estimated reserves of 323 million barrels.
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