BAGHDAD - Iraqi Oil Minister Hussain al-Shahristani said on Saturday he expected Iraq to become the world's top oil producer in six to seven years...
Iraq has signed a series of oilfield development deals with global oil firms -- which bid on prime fields at two energy auctions last year -- in a nation with the world's third largest crude reserves, emerging from years of conflict and sanctions.
...The OPEC oil producers group is likely to try to get Iraq to curb output rather than pump all its extra capacity onto the market, analysts say.
"We are not interested to flood the market with oil. Our future policy is to get higher revenues for Iraq rather than higher production and flooding the market," Shahristani said.
Had we listened to the likes of Barack Obama and Harry Reid, Iraq would have been surrendered to Al Qaeda long ago.