AGP Executive Report
Last update: 9 hours agoState Banking Slowdown: Iraq’s state-owned banks are reportedly halting or sharply cutting lending in 2026 without clear credit plans, hitting construction/renovation loans, SME financing, investment and housing projects, and even electronic personal advances—raising pressure on the Finance Committee and government to restore targeted lending. Oil Export Push via Türkiye: Kirkuk is aiming to lift crude exports through Türkiye to 1M bpd as production capacity expands, with talks expected on oilfield development and infrastructure; current flows remain far below capacity. Hormuz Relief for Iraqi Tankers: Iran has authorized some Iraqi oil tankers to pass through the Strait of Hormuz “so far,” after Baghdad’s repeated requests during parliamentary-level talks—an important stopgap as shipping disruptions threaten Iraq’s main export income. Iraq’s Development Roadmap: PM Al-Zaidi outlined a $100B development fund, a housing land-plot plan, electricity and solar priorities, and an export strategy targeting 8–10M bpd within six years while seeking higher OPEC quota. Regional Energy Diplomacy: Saudi and Iraqi ministers met in Riyadh to deepen energy and finance cooperation, supporting Iraq’s reforms and export-route diversification.
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