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Oil Output Soars as Iraq Retools, Easing
Shaky Markets
BAGHDAD-Iraq's crude oil production is
soaring, providing a singular bright spot for
the nation's future and relief for global oil
markets as the West tightens sanctions on Iranian exports
.
The increased flow and vital port
improvements have produced a 20 percent
jump in exports this year to nearly 2.5 million barrels of oil a day, making Iraq one of the premier producers in OPEC for the first time
in decades.
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