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⚡“Iraq’s Big Move: Oil Law Showdown & Electric Car Revolution! 🇮🇶⚙️🚗”⚡
🔥 Highlights from the Latest Iraq Update:
🏛️ Oil & Gas Law Returns to Center Stage:
As Iraq nears elections, the long-delayed Federal Oil and Gas Law (since 2007) is back in focus.
This law is crucial — it defines how Iraq’s oil wealth (90% of state revenue) is managed between Baghdad, Kurdistan, and oil-rich provinces.
Lawmakers face a test of political will to pass it before December, aligning with the U.S. reform mandate for Iraq’s economic stabilization and dinar reinstatement goals.
Stability, investor confidence, and fair revenue sharing hinge on this breakthrough. 💼💰
⚙️ Iraq’s Industrial Leap — Electric Cars Factory!
Kirkuk Governorate just broke ground on the Uruk Factory Project, Iraq’s first major vehicle manufacturing plant — the largest in the Middle East! 🚙⚡
The facility will produce electric, gasoline, and diesel cars, signaling a new industrial era for Iraq.
Partnerships forming with American, German, and Turkish automakers to transfer modern technology and boost national production. 🌍🤝
Expected to create thousands of jobs and reduce import dependence, strengthening Iraq’s economic independence and innovation drive.
💬 Commentary:
“They’re building a stronger, self-sustaining Iraq — from oil reform to electric cars. A true signal of transformation and readiness for global reintegration.” 🌅
✨ Iraq is shifting gears — from oil politics to green innovation! 🌿💡
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