RealNews

Iraq Sees No Early Prospect of Oil Export Increase

Iraqi crude exports will remain severely limited at just 1.5 million barrels daily until Baghdad is able to get foreign investors to boost output, Oil Minister Ibrahim Bahr al-Uloum said Friday. The admission from the newly appointed minister puts paid to Baghdad’s post-war hopes that it might quickly be able to build capacity at Iraqi oilfields without foreign help. Full Story

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