AGP Executive Report
Last update: 4 hours agoIraq Economic Push: Iraq announced an IQD 3.5tn ($2.7bn) stimulus package covering housing finance, industrial lending, contractor payments, agricultural dues, and an expanded Generations Fund, with Prime Minister Al-Zaidi urging fast implementation through the Finance Ministry, the Central Bank, and banks. Petroleum Policy Q&A: A new Q&A lays out the Al-Zaidi government’s petroleum priorities, including higher production targets, how US firms are showing up in projects, export pricing and discounts, bureaucracy and transparency in contracting, gas monetisation, and plans to diversify export routes amid the war on Iran. Shipping & Tanker Strategy: Iraq’s state Oil Tanker Company moved 2 million barrels of crude through the Strait of Hormuz on a VLCC for the first time in decades, and Iraq is now seeking additional tankers to gain more control as attacks and insurance costs keep routes risky. Trade & Industry Links: Russia’s business mission signed its first commercial deals in Iraq’s Kurdistan Region across food, pharma, animal feed, and consumer goods, while Iraq and Germany moved to complete legal registration for a German trade office in Baghdad to speed up practical trade cooperation.
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