ACLS

Iraq Captagon Seizure, U.S. Troops Presence, and Economic Impact of Oil Export Decline

Today's Headlines

THE EARLY PHOENIX 

IRAQ

 

August 26, 2024

 

  1. Iraq Seizes 100 Kilograms of Captagon Pills, Dismantles Drug Network

Iraqi authorities seized 100 kilograms of Captagon pills and dismantled an international drug network during a seven-day operation in Anbar. Intelligence led to the successful capture of criminals attempting to smuggle the pills from a neighboring country. This operation underscores Iraq’s ongoing efforts to combat drug trafficking and protect national security.

  1. Iraq’s Gas Boost to Support Power Supply Involves New Collaboration

Iraq’s Ministry of Oil increased gas production by 50 million cubic feet daily to enhance electricity supply. Collaborating with North Gas Company, the boost raised Kirkuk’s gas-fired plant output by 60-80 megawatts and added 40 megawatts to Mosul’s gas power station. Deputy Minister Aziz Saber confirmed these upgrades, highlighting partnerships with North Oil Company and Oil Pipelines Company as crucial for Iraq’s energy sector.

  1. Iraq’s Forces Destroy ISIS Hideouts in Salah al-Din Province

Iraqi forces, supported by American air power, destroyed three ISIS hideouts in Salah al-Din’s Tuz District, killing all occupants. The operation, 180 kilometers north of Baghdad, targeted locations used for attacks on security forces and civilians. Security sources confirmed the action is part of ongoing efforts to eliminate terrorist threats and improve regional stability.

  1. UAE Exports to Iraq Increase by 41% in 2024

UAE’s exports to Iraq surged by 41% in 2024, according to Vice President Sheikh Mohammed bin Rashid Al Maktoum. UAE’s foreign trade reached 1.4 trillion dirhams in the first half of 2024, matching its annual exports in 2019. This increase, particularly in non-oil exports, highlights UAE’s expanding global trade role and economic resilience, despite modest global trade growth.

  1. Iraq’s French Medication Imports Reach Over Sixty Million Dollars

In 2023, Iraq imported $61.184 million worth of pharmaceuticals from France, accounting for 4% of its total pharmaceutical imports. The imports included 487 tons of medicinal products and $6.665 million worth of human blood products. This trade is controversial due to Iraq’s first AIDS cases in 1986, linked to contaminated French blood, leading to a 2014 legal case against a French company.

  1. Iraqi Victory Alliance Confirms U.S. Forces Will Remain in Iraq

Aqil Al-Ridaini of the Iraqi Victory Alliance confirmed on Sunday that the Iraqi government has not discussed U.S. troop withdrawal.He asserted that U.S. forces will remain in Iraq, calling any contrary claims by officials a “major lie.”   Al-Ridaini highlighted that all Coordination Framework leaders support the continued presence of U.S. troops. Despite public statements suggesting otherwise, this support for U.S. forces is consistent. The confirmation underscores the ongoing U.S. military presence in Iraq amid political discourse.

  1. Iraqi Oil Exports to U.S. Drop: Economic Impact Questioned

A recent U.S. Energy Information Administration report indicates a decline in Iraqi oil exports to the U.S. last week. U.S. crude oil imports averaged 5.452 million barrels per day, down by 171,000 barrels from the previous week. Iraqi oil exports to the U.S. decreased to 166,000 barrels per day, a drop of 17,000 barrels. This decline raises concerns about potential economic repercussions and might impact economic relations between Iraq and the U.S. The decrease in exports could signal broader economic challenges for both countries.

============

Are you searching for a chronological archive detailing Iraq’s most critical events from 2022-2024? Look here: Journey Into History

Related Studies: 

  1. Iraq Boosts Oil Production, Adopts Profit-Sharing, Faces Export Losses
  2. Iraqi Militias Strike Israel, UK Envoy Summoned, U.S. Forces to Stay
  3. Assad’s Syrian Airline Hijacks Iraq’s Aviation Revenue,ISIS Deputy Governor of Euphrates Captured
  4. US Faces Escalating Conflicts: Severe Iraq Strikes, Syrian War Preparations

    Subject:

    Your Voice:

    Your Name

    Your Email

    Word File:

    To subscribe to our daily mailing list, fill out the following form:

    Scroll to Top

    To subscribe to our daily mailing list, fill out the following form: