Iraq has surpassed Iran as the second-largest OPEC oil producer for the first time since the late 1980s, due to Western sanctions on Iran and Iraq's recovery. Iraq's production reached over 3 million barrels a day, while Iran's fell to 2.9 million. The shift is attributed to sanctions and under-investment in Iran, while Iraq benefits from foreign investments. The gap is expected to widen as Iraq continues to rebuild its industry. The article discusses the geopolitical and economic implications of this shift.
documents/EFTA01180269.pdf
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