Aseel Kami reports for Reuters:
Iraq's gross domestic product is expected to grow by an average rate of at least 9.4 percent annually between 2012 and 2016 as the oil-producing country benefits from larger windfalls in oil revenues, a senior central bank official said on Sunday.
Iraq, which has the fourth-biggest oil reserves in the world, is currently producing around 2.9 million barrels per day (bpd). Iraq's oil minister said last year he expected production to reach between 8-8.5 million bpd by 2017.
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