Iraq intent on boosting oil production by 17 percent; security and investment still uncertain …

Iraq has its sights set on 300,000 to 400,000 extra barrels per day of production this year, a hope Oil Minister Hussain al-Shahristani pins on recent months of successful increases in oil flow and relatively more secure and sustained output.

Jane Barrett and Alex Lawler report for Reuters Shahristani, on the sidelines of the World Economic Forum in Davos, Switzerland, said the hoped for increase in production will all be dedicated to exports.