Iraq Economic News and Points To Ponder Monday Morning 12-8-25
An Economist Warns: The Next Government Is Required To Have Urgent Plans To Solve The Debt Crisis.
Economy | 07/12/2025 Mawazin News – Baghdad: Economic expert Nabil Jabbar al-Ali revealed the extent of Iraq's internal and external debt, warning of its negative impact on the country's future financial liquidity.
Al-Ali stated that "Iraq's total internal and external debt has reached alarming levels, with external debt amounting to approximately $13 billion at low interest rates, while internal debt has exceeded 90 trillion dinars."
He added that "this large volume of internal debt will put pressure on financial liquidity and limit the state's ability to finance projects and services," emphasizing that "the next government is required to develop clear economic plans to address this issue and ensure the stability of the financial situation." https://www.mawazin.net/Details.aspx?jimare=271284
Iraq Rises To Second Place Among Oil Suppliers To America
Economy | 07/12/2025 Mawazin News - Baghdad: The U.S. Energy Information Administration (EIA) announced on Sunday that Iraq ranked second among the largest oil exporters to the United States last week.
The EIA stated in its statistics that the average U.S. crude oil imports from nine major countries reached 4.877 million barrels per day (bpd), a decrease of 815,000 bpd from the previous week's 5.692 million bpd.
It added that Iraqi oil exports to the U.S. reached 435,000 bpd, an increase of 149,000 bpd from the previous week's 378,000 bpd, placing Iraq second on the list of top exporters.
The EIA indicated that the highest U.S. oil imports last week came from Canada at 3.448 million bpd, followed by Saudi Arabia at 348,000 bpd, Brazil at 137,000 bpd, and Mexico at 131,000 bpd.
According to the statistics, imports from Venezuela amounted to 122,000 barrels per day, from Libya and Ecuador 87,000 barrels each, and from Nigeria 82,000 barrels per day. The US did not import any oil from Colombia during the same week.
The US consumes approximately 20 million barrels of oil daily, making it the world's largest oil consumer, and it relies on these ten countries for most of its crude oil and refined products. https://www.mawazin.net/Details.aspx?jimare=271272
Border Crossings Announce Customs Revenues Exceeding 2.2 Trillion Dinars For 2025
Money and Business Economy News – Baghdad The Border Ports Authority announced today that it has achieved unprecedented customs revenues for the year 2025, exceeding 2 trillion and 200 billion Iraqi dinars.
The authority confirmed in a statement received by “Al-Eqtisad News” that this achievement comes based on the government program that stressed combating corruption and governing government procedures in departments operating within border crossings, as the control and electronic procedures adopted by the authority contributed to raising the level of customs revenues significantly.
The statement added that the significant increase in revenues was achieved as a result of streamlining procedures and reducing paperwork for transactions related to customs clearance, in addition to organizing linkage with supporting agencies operating within border crossings, which enhanced transparency, speed of procedures, and accuracy of collection. https://economy-news.net/content.php?id=63145
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