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Sounds like it's about the oil.

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Feb. 4th, 2003 | 11:46 am

Iraq has the second biggest known oil reserves in the world producing, in their current run-down state, about 1.5m barrels a day. But experts contacted by the Guardian predict this could rise to 6m barrels a day within five years with the right investment and control.

Also from the end of Opec plans oil production cuts, Saudi Arabia does not have sufficient spare capacity to cover for production shortfalls in both Iraq and Venezuela at the same time.

Oil supplies are getting tight with respect to demand, and as Saud oil supplies continues to be drained, Iraq's oil supplies become increasingly important.

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