AGP Executive Report
Last update: 5 hours agoOil Exports: Iraq’s crude exports rose 9.5% in October to 3.35 million barrels a day, with shipments via Turkey’s Ceyhan port nearing 500,000 barrels a day. Energy Projects: Ansaldo Energia is exploring power-sector projects in Iraq, while maintenance at the Khor Mor gas field has ended and electricity supply has returned to normal. Regional Cooperation: Baghdad is discussing oil cooperation with Jordan and Egypt, and has signed a deal with a US firm to capture gas currently burned off at oil fields. Markets: Iraq Stock Exchange turnover jumped 457% to $12.4 million last week, though its benchmark index fell 1.85% and foreign investors were net sellers. Trade and Investment: Iraq’s Development Road project is expected to cut Europe-bound trade time by 11 days, as large importers face weeks-long delays in securing foreign transfers.
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