AGP Executive Report
Last update: 7 hours agoStrait of Hormuz Energy Pulse: Gulf oil flows (excluding Iran) rebounded to over 81% of pre-war levels in September, even as tanker attacks and higher shipping costs persist; Iraq’s crude exports rose to about 2.6m bpd in September, helping offset declines elsewhere. Iraq Shipping Revival: Iraq’s state-owned Iraqi Line will restart regular Gulf maritime service on Oct. 15 after a 50-year gap, with the first trip from Jebel Ali to Umm Qasr to boost imports and regional supply links. Green Taxi EV Push: Iraq’s Environment Ministry says its Green Taxi plan targets one million electric vehicles through a public-private partnership model, with private firms handling vehicle rollout and solar charging networks. Economic Stimulus for Industry: Iraq approved about IQD 3.5tn ($2.7bn) in stimulus covering housing finance, industrial lending, contractor payments, agricultural dues, and an expanded Generations Fund. Turkey-Iraq Corridor Plan: Turkey aims to upgrade Iraq’s Development Road into an $80bn multi-fuel energy corridor linking ports to Europe with oil, gas, and power transmission infrastructure. Air Links Reopen: Iraqi Airways will resume direct flights to Iran from Oct. 8 (Najaf to Tehran, Mashhad, Isfahan), supporting travel for medical care, religious visits, and tourism.
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