With more than 300,000 bpd of new capacity coming online this year, Iraq is well positioned to take market share as U.S. sanctions snap back on Iran.
Energy
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Iraq's oil marketing chief discusses rising export capacity, OPEC dynamics, oil trading joint ventures, and the status of a nascent hedging program.
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For the second straight month, Iraq has increased production by more than 100,000 bpd as it unleashes latent capacity.
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Despite ongoing violence, including a weekend pipeline bombing, the Baiji refinery's resumption of operations marks progress in Iraq's northern oil sector.
