AGP Executive Report
Last update: 9 hours agoShipping and Oil Routes: Iran says Iraqi vessels are exempt from its Strait of Hormuz restrictions, while Iraq has boosted exports through Türkiye’s Ceyhan port by 43% to 500,000 barrels per day. Overall crude exports rose 9.5% in October to 3.35 million bpd. West Qurna: Baghdad aims to finalize a Chevron contract for West Qurna-2 by year-end; the field produces up to 480,000 bpd. Separately, protesters rallied outside West Qurna-1 seeking local jobs and long-delayed infrastructure and services. Investment: More than 400 companies, including about 50 from the EU, attended Baghdad’s trade and investment forum, which focused on partnerships in areas including agrifood and construction. The National Investment Commission also discussed potential projects with Ecolog International in transport, infrastructure, glass manufacturing and vertical farming. Economic Policy: A senior prime ministerial adviser said Iraq should put private-sector growth, job creation and value-added production at the center of economic transformation, rather than measure progress by oil output alone.
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