Iraq posts modest but sustained oil gains
Production and export growth to continue, but short-term gains still held back by financial crisis and contractor uncertainty.
A worker climbs a drilling rig at the Rumaila oil field. (BEN VAN HEUVELEN/Iraq Oil Report)
BASRA - OPEC's number two oil producer is on track to increase exports by more than 7 percent this year, while it battles to buoy investor sentiment amid a damaging fiscal crisis.
Senior Deputy Oil Minister Fayadh Nema said Iraq is on track to see a 5 to 10 percent production increase this year and, most likely, through 2017.
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