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Iraqi oil problems are global oil problems

Posted on 12 October 2012

The Iraqi government said Wednesday it was pulling back from its plans to increase oil production dramatically within the next five years. Baghdad, beginning in 2008, has brought in international investors despite lingering violence and protracted political concerns.
A report from the International Energy Agency had said the Iraqi oil sector “holds the key” to the country’s future. The obstacles to major developments in the energy sector, however, are “formidable.”……………………………………….Full Article: Source

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