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Iraq's new Prime Minister Ali al-Zaidi has announced plans to increase oil production to 8-10 million barrels per day within six years, potentially surpassing Saudi Arabia as the Middle East's leading producer. With proven reserves of 145 billion barrels plus substantial undiscovered resources, declining corruption that has prompted Western firms to return, and major infrastructure investments like TotalEnergies' $27 billion project, analysts suggest Iraq's production targets may finally be achievable after decades of unfulfilled promises.
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