AGP Executive Report
Last update: an hour agoShipping & Trade: Iran says Iraqi vessels are exempt from Strait of Hormuz transit restrictions, offering a route for trade amid regional disruption. Iraq is also moving to activate land transport agreements with Jordan and Egypt. Gas Investment: KBR has won an engineering design contract for gas capture at West Qurna-1, part of a programme to reduce flaring and bring more associated gas into domestic use. Oil Operations: Drilling has begun at RT-80 in the Artawi field, while Amarah station has started trial production of 3,000 barrels a day. Iraq’s average oil exports rose in October, with shipments via Türkiye also climbing. Project Finance: Pearl Petroleum secured a $500 million bond placement to support its operations. Sector Oversight: Iraq has jailed a former oil executive for eight years over a $119 million kickback scheme, as the Integrity Commission audits transport and airport contracts over suspected manipulation.
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