AGP Executive Report
Last update: 11 hours agoIraq–Germany Energy Push: Iraq and Siemens Energy signed a Phase IV power cooperation framework in Berlin, covering new generation and transmission projects, grid upgrades, maintenance, financing mechanisms, and workforce training. Iraq–Germany Business Dialogue: Prime Minister Ali al-Zaidi met German leaders and business figures in Berlin, pitching Iraq’s investment map across energy, oil and petrochemicals, phosphates, clean energy, and automation, alongside plans for financial, tax, and banking reforms. Iraq–France Deals: Six MoUs were signed between Iraq and France in Paris, spanning defence cooperation, gas supply via TotalEnergies, civil aviation, youth and innovation, and partnership with AFD. UK Trade Mission in Baghdad: The Iraq Britain Business Council wrapped up a major Baghdad programme with meetings across ministries and regulators, including agriculture and investment bodies, with participation from energy, banking, and maritime-linked firms. Oil Market Shock Spillover: Saudi Arabia issued broad security alerts after Houthi attacks and blamed an Iraq-linked group for a drone strike that knocked out the East–West Pipeline; Saudi officials said crude flows could resume within days, but repair timelines and potential supply losses are driving volatility that matters for Iraq’s export outlook. Regional Security Context: UN officials warned that Yemen’s Red Sea/Bab al-Mandeb situation is growing more volatile as Houthis advance, raising risks for global shipping and energy corridors.
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