Iraq sees oil output rising 13pc by year-end

London, March 17, 2012

Iraq will reach oil output of 3.4 million barrels per day by the of this year, its oil minister said, just days after the country's oil production exceeded 3 million for the first time in more than three decades.

'By the end of the year we will manage to produce 3.4 million and to export 2.6 million barrels per day,' said Abdul Kareem Luaibi. – Reuters

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