Amarah Station Starts 3,000-Bpd Trial Oil Production
2026-11-04 Shafaq News- Baghdad Iraq’s state-owned Maysan Oil Company has begun trial production at the Amarah Gas Separation Station at an initial rate of 3,000 barrels of crude oil per day (bpd), the Oil Ministry said on Wednesday. Company Director General Hussein Kadhim Luaibi said output would gradually rise to the station’s planned capacity of 8,000 bpd in the coming days, while improvements to production facilities and infrastructure would help sustain operations.
Maysan province is home to several major oilfields, including Halfaya, where output stood at approximately 400,000 bpd in August, with around 190 million standard cubic feet of associated gas processed daily for local power plants and the national grid.
In June, Iraqi Prime Minister Ali Al-Zaidi announced plans to raise the country’s crude oil production to seven million bpd within three years, with Baghdad seeking greater investment in its upstream oil sector.
https://shafaq.com/en/Economy/Amarah-station-starts-3-000-bpd-trial-oil-production
Dollar Slips In Baghdad, Inches Up In Erbil
2026-11-04 Shafaq News- Baghdad/ Erbil The US dollar closed Wednesday’s trading lower in Baghdad, but edged higher in Erbil, hovering around 168,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 168,150 dinars per 100 dollars, down from the morning session’s 168,200 dinars.
In the Iraqi capital, exchange shops sold the dollar at 168,750 dinars and bought it at 167,750 dinars, while in Erbil, selling prices stood at 168,150 dinars and buying prices at 168,050 dinars.
https://shafaq.com/en/Economy/Dollar-slips-in-Baghdad-inches-up-in-Erbil
Severe Imprisonment For The Former Director General Of Salah Al-Din Health Department
Al-Maalomah News Agency Wednesday 11/04/2026 The Central Anti - Corruption Criminal Court issued a severe prison sentence on Wednesday against the former Director General of the Salah al-Din Health Department.
The Judicial Media Office stated in a press release received by Al-Maalomah News Agency that “the Central Anti-Corruption Criminal Court issued a severe prison sentence of five years against the former Director General of the Salah al-Din Health Department.”
The statement explained that “the convicted individual benefited from contracts and agreements conducted by the North Refineries Company,” adding that “the sentence was issued against him in accordance with Article 319 of the Penal Code, in conjunction with Articles 47, 48, and 49 concerning complicity.” End/25
https://almaalomah-me.translate.goog/news/149234/local/الحبس-الشديد-بحق-مدير-عام-دائرة-صحة-صلاح-الدين-السابق?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
From 259 To 526 Billion Dinars.. Customs Revenues Jumped By 103% In October
Economy News – Baghdad The Director General of the General Authority of Customs, Thamer Qassim Daoud, announced on Monday that the revenues of October increased by 103 percent compared to last year.
Daoud said in a statement received by "Economy News" that "customs revenues rose during the month of October of the year 2026, to reach more than 526 billion Iraqi dinars, compared to more than 259 billion dinars during the same month of 2025, and an increase of more than 267 billion dinars, achieving a growth rate of about 103%."
He stressed that "these results represent a tangible progress in the levels of customs collection, and come within the framework of the Authority's efforts to strengthen control, develop customs procedures, and expand the scope of automation and digital transformation through the ASYCUDA system."
He added that "the Authority continues to implement its plans to maximize non-oil revenues, protect public money, and consolidate financial and administrative discipline, thus enhancing the contribution of the customs sector in supporting the national economy and the state budget https://www.economy-news.net/content.php?id=75687
Globally. Gold Declines As The Results Of The US Elections Are Expected
Money and business Economy News — Gold prices fell during trading on Tuesday, after rising by more than 2% in the previous session, while the markets are waiting for the results of the midterm elections of the US Congress and its potential impact on global markets.
The spot gold price fell 0.5% to $3926.52 an ounce by 03:53 GMT, while U.S. gold futures for December delivery fell 0.8% to $3,9366.30 an ounce.
The decline came after gold rose more than 2% during Monday’s session, recovering from its lowest level in a year, which was recorded last Friday.
On the market front, oil prices fell by more than 7% during Monday’s trading, amid continued anticipation of geopolitical developments, especially contacts between the United States and Iran on ending the war between them.
In other precious metals, silver fell 1.8 percent to $49.71 an ounce, and platinum fell 0.2 percent to $1,446.80 an ounce.
https://www.economy-news.net/content.php?id=75710
Advisor To The Association Of Banks Points Out The Most Prominent Achievements Of The Government In The Economic File Within 180 Days
Money and business Economy News – Baghdad Despite the complex economic conditions and global economic changes and the great impact of our country, the government of Prime Minister Ali Al-Zaidi has been able to face the challenges and financial crises and chart the way to overcome them.
In a statement to the agency "Economy News" Samir al-Nusairi, adviser to the Association of Iraqi Private Banks, reviewed the most prominent achievements in the economic file of the government in less than 180 days and as follows:
• Approve the detailed roadmap for the transition from the fragility to sustainable reform in accordance with the third axis of the ministerial curriculum.
• Increase oil exports from 300 thousand barrels per day in May to more than 3 million barrels per day in October.
• Signing about 70 agreements and memorandums of understanding with major international companies in the fields of energy, transport, technology, electricity, telecommunications and banking relations.
• Establishing the Energy and Development Fund with the United States with a target value of $ 400 billion in 30 years and funded through the allocation of direct financial revenues derived from the production and marketing of crude oil ranging from 500 thousand barrels per day and two million barrels per day outside the share of OPEC.
• Establishing the Generations Fund by allocating an amount of 1.5 trillion dinars.
• Launching the initiative to distribute one million serviced residential plots in all governorates.
• Launching the initiative to distribute one million agricultural plots of land at a rate of 30 dunums per beneficiary.
• Stimulate, encourage and attract foreign and local investments and facilitate the creation of promising investment opportunities.
• Activating and taking quick measures to complete the development road project and the completion of the port of Faw.
• Activating and accelerating the procedures for the banking reform process and qualifying 7 banks restricted from the use of the US dollar in order to return them to the banking market through the use of other foreign currencies in foreign transfers.
• Establishing and activating the Supreme Council for Financial and Monetary Stability and taking the necessary measures to control liquidity, control its movement, establish the principle of fiscal discipline and strengthen the financial position of public finances by 20 trillion dinars to finance the deficit in the public budget, as well as coordination between the fiscal and monetary policies.
• Completion of the final phase of the preparation of the budget of programs and performance for the year 2027 to be sent to the House of Representatives and approved at the beginning of 2027 for the first time in two decades.
• Take decisive action to reduce and eliminate abuses and corruption at border crossings throughout Iraq.
• Organizing the process of controlling public money and reducing and combating financial and administrative corruption and activating the work of the Office of Financial Supervision and the Integrity Commission, especially in the field of auditing government contracts before signing them https://www.economy-news.net/content.php?id=75718