Iraq has the third largest proven crude oil reserves in the world and is the least explored of the oil-rich Middle-Eastern countries.
But its oil industry faces serious problems resulting from years of sanctions and underinvestment.
Under optimal conditions, it is estimated that Iraq could produce up to 6m barrels a day - almost double its peak of 3.5m, reached in 1979 before the war with Iran.
Insurgent att ... Read more »