AGP Executive Report
Last update: an hour agoCentral Bank Liquidity: The U.S. Federal Reserve sent a fresh $500 million cash shipment to Iraq’s Central Bank to ease dollar shortages as Hormuz disruptions squeeze the oil-linked economy. Oil Logistics: Iraq and Turkey agreed a one-year deal to move Iraqi crude via the Kirkuk–Ceyhan pipeline, aiming to stabilize exports while Strait of Hormuz shipments stay erratic. Debt Pressure: Iraq’s domestic debt hit a record ID103 trillion (about $79bn) by end-May as budget gaps widened under reduced oil revenues. LNG Buildout: Excelerate says Iraq’s first LNG import terminal is on track for Q2 2027 operations, with dredging and procurement nearing completion. Regional Security: The Mecca Joint Defense Agreement was signed by Saudi Arabia, Türkiye and Pakistan, while reports say Iraqi militias remain armed ahead of a Sept. 30 disarm deadline. Trade/Transit: Lebanon is preparing a roadmap to transport Iraqi fuel oil by road through Syria to Tripoli, pending border and customs readiness. Digital Finance: Iraq’s central bank and CMC are exploring a digital payments framework to support cash-strapped liquidity.
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