Iraq has reserves of about 115 billion barrels, the world's third largest, and the development of its oil facilities is essential to help to fund the country's long-term reconstruction.
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Iraq Seek Foreign Investors to Boost Oil Production
Iraq is to open up its oil industry to foreign investment, trying to boost output of its six key oil fields
Iraq is to open up its oil industry to foreign investment, trying to boost output of its six key oil fields.
The country has attracted interest from leading US, Asian and European oil companies, but the parties failed to agree over who should close deals and how income is shared.
Iraqi oil production is currently at its highest since the 2003 invasion.
Iraq has reserves of about 115 billion barrels, the world's third largest, and the development of its oil facilities is essential to help to fund the country's long-term reconstruction.
Iraq has reserves of about 115 billion barrels, the world's third largest, and the development of its oil facilities is essential to help to fund the country's long-term reconstruction.
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