Oil production rising, but problems loom
IOCs are investing enough to boost Iraq's overall output despite tight budgets, but short-term fixes are masking fundamental issues that could undermine medium-term growth.
Rigs working the Rumaila oilfield in Basra on Sept. 4, 2014. At 1.4 million bpd of capacity, it is the country's largest producing field, and is in need of water re-injection to maintain pressure. [ESSAM AL-SUDANI/Reuters]
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