AGP Executive Report
Last update: 8 hours agoPower & Utilities: The Kurdistan Region says its Runaki program will extend 24-hour electricity coverage across the region by year-end, though peak-demand limits and a monthly funding gap remain. The KRG aims to make the sector financially self-sustaining by 2028. Natural Gas: The region produces 37% of Iraq’s gas and could raise output from 1 billion to 2–3 billion standard cubic feet a day, officials said, citing bureaucracy and security risks as barriers. Oil: Iraq’s OPEC output rose by 386,000 barrels a day in September to 3.9 million, as overall OPEC production rebounded. Renewables: Iraq and Saudi firm ACWA discussed potentially doubling the planned Najaf solar plant to 2,000 megawatts and adding battery storage; no final decision was announced. Industry: Linde is preparing 20 explosion-protected forklifts for Iraq’s oil and gas operations. Economic outlook: The IMF projects Iraq’s economy will contract sharply in 2026 as war disrupts energy production and shipping.
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