AGP Executive Report
Last update: 7 hours agoOil Operations: Iraq’s state drilling company restarted maintenance on well ZB-510 in Basra’s Zubair field after a four-month pause. Gulf Keystone also lifted its first SOMO-allocated top-up oil cargo, beginning settlement of outstanding payments for Kurdistan exports. Energy Investment: Iraq and Saudi Arabia’s ACWA discussed doubling the Najaf solar project to 2,000 megawatts, while JICA is in talks with Baghdad on solar projects. Trade and Business: Iraq and Qatar signed a cooperation deal to boost trade and investment and establish a joint business council. Baghdad is also exploring a preliminary $250 million Kempinski hotel and residential complex. Markets and Agriculture: Iraq’s September oil output rose by 386,000 barrels a day to about 3.9 million, according to OPEC data. Meanwhile, Iraqi apple growers are calling for an import ban after more than 130 tonnes went unsold, and the Kurdistan Region has warned that suspending import duties could hurt its poultry sector.
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