AGP Executive Report
Last update: 7 hours agoCurrency and Business: Iraq raised the official dollar rate to 1,520 dinars, citing pressure on oil revenues and public finances. MPs are seeking a reversal, and the central bank governor and finance minister are due to face parliament. Oil Exports: The Oil Ministry says exports have stabilized at 2.7 million barrels a day despite Hormuz disruption. Baghdad is pursuing more shipments through Turkey’s Ceyhan pipeline and has asked Syria to provide a route to the Mediterranean. Energy Projects: Iraq is discussing the start of operations at a $3.78 billion refinery and has resumed drilling at the Akkas gas field. Basrah Gas Company also won an award recognizing its work to capture flared gas and support Iraq’s energy supply. Trade and Technology: Qatar and Iraq have agreed to establish a joint business council to promote trade and investment, while Al-Salam and ZTE signed a technology and manufacturing memorandum.
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