The Washington Post.
BAGHDAD — Over the past four decades, Iraq’s oil production has
traced the path of a roller coaster, propelled upward by geysers of
crude and dragged downward by the weight of war and sanctions. In the
aftermath of the 2003 U.S.-led invasion, Iraqi output has failed to
achieve the heights it reached under Saddam Hussein — until now.
In April, Iraq exported more crude than it has in any month
since it invaded Kuwait in 1990. This success, according to analysts and
policymakers, could jolt the global economy and help offset the loss of
oil supplies from Iran.
It also signals the rise of Iraq as a modern petro-state, with all the power and problems that enormous oil wealth brings.
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