Tishwash: The Foreign Minister arrives in New York to participate in the UN General Assembly meetings.
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in New York City to participate in the meetings of the 80th session of the United Nations General Assembly, as part of the delegation headed by President Abdul Latif Jamal Rashid.
A statement by the Ministry of Foreign Affairs stated that the Minister is scheduled to hold a series of high-level bilateral meetings with a number of his counterparts, Foreign Ministers, in addition to meetings with political leaders on the sidelines of the General Assembly.
The Minister will also participate, according to the statement, in specialized meetings and events held within the framework of this session, which discuss the most prominent current international and regional issues. link
Tishwash: Al-Sudani’s advisor: Iraq is embarking on global projects that invest in human capital and its geographical location.
Prime Minister’s advisor, Hussein Allawi, confirmed that Iraq is embarking on massive strategic projects in the coming period, opening up global prospects for the country.
Allawi said, “The current government has achieved significant indicators for developing the non-oil economy, reflecting its continued approach over the past years . “
He added, “There are tremendous investment and economic opportunities in the country, in addition to an ambitious potential that the world is looking to and advancing towards in the fields of mineral resources, human resources, and Iraq’s geographical location.”
He explained that “there are many investments, whether in the development road, the Grand Faw Port, or other strategic projects,” stressing that “Iraq is keen on major projects that will open up many horizons for it on the regional and global levels.”
“Investors will be keen on large strategic projects in modern economic sectors such as mineral resources and megaprojects,” he said. link
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Tishwash: SOMO: Expected Increase in Iraqi Oil Exports… Millions of Dollars to Support the Budget
6 million barrels per month
The State Oil Marketing Organization (SOMO) announced on Sunday, September 21, 2025, that oil exports will rise to 6 million barrels per month after the voluntary cut ends. It indicated that this increase in exports will generate hundreds of millions of dollars in additional revenue that can be invested to support budget requirements.
The company’s general manager, Ali Nizar Al-Shatri, said in a press statement monitored by Al-Jabal, “Iraq has achieved an increase in its oil exports after the voluntary reductions were gradually ended by the OPEC countries and the countries allied with them.”
Al-Shatri explained that “Iraq was able to increase its oil production, which allowed it to raise the volume of its exports, based on a study of the oil market balance by OPEC and non-OPEC experts, who approved the possibility of making this increase.”
He added, “Oil exports are the primary source of funding for the general budget. With current prices ranging between $65 and $68 per barrel, and an annual average of approximately $70, an increase of approximately 200,000 barrels per day, equivalent to 6 million barrels per month, will contribute to hundreds of millions of dollars in additional revenue that can be invested to support budget requirements.”
He pointed out that “the Oil Marketing Company, through commercial agreements and profit-sharing projects with foreign companies, is working to generate greater revenues from the sale of conventional oil through ports. This is achieved by reselling a portion of the barrels on global markets when commercial opportunities arise or when certain companies demand it, thus generating additional profits above the official price.”
He pointed out that “the company also activated a mechanism for selling spot shipments, which enabled the sale of a number of barrels at price premiums commensurate with the volume of demand and opportunities available in the global oil market.”
On September 7, eight OPEC+ countries, including Iraq, agreed to increase oil production by 137,000 barrels per day, starting next October.
According to a statement issued by the alliance following a meeting held on the above date, ” In light of the stable outlook for the global economy and the current good market fundamentals, as reflected in the decline in oil inventories, the eight participating countries have decided to implement a production adjustment of 137,000 barrels per day.”
The coalition indicated in its statement that it “could partially or fully resume pumping supplies of 1.65 million barrels per day, depending on market developments and on a gradual basis link
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