Miriam Amie
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/ 10 January 2006

US sees Iraqi oil production choked for years

Iraq has vast hydrocarbon potential that could rival major producers such as Saudi Arabia and Russia, but United States government analysts are predicting that Iraqi oil production development will remain thwarted for years to come. Its enormous reserves of an estimated 115-billion barrels of proven crude are the world’s third largest after those of the Saudi Kingdom and Canada.