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Fun fact: Transparency International, a Berlin-based activist group, ranked Iraq 175th out of 182 countries in its corruption-perceptions index last year. Iraq's oil riches finally being tapped | StarTribune.com Lots of oil being smuggled out of the country, ala Texas 1933, of all places.

The "soaring" "rapid expansion" (fudge words courtesy BusinessWeek) is courtesy of new pipelines and port infrastructure. It's about as significant as those intervals in the GOM where production completely shuts down for hurricanes. Their all-time sustained record was 3.48
mb/d in 1979, let's see them reach that on a sustained basis, after 30 years of pumping fuel oil into reservoirs.

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