• HSBC

Opec Iraq targets 'years away'

  • Iraq: Sunday, October 18 - 2009 at 11:12

Opec secretary general Abdullah al-Badri has said that the group is unlikely to confer an oil output target on Iraq for several years, to allow its industry to recover from decades of sanctions, war and neglect, Reuters has reported. Iraq, which desperately needs investment to boost output and repair infrastructure, is exempt from the group's production target system, he said.

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