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Friday, July 16, 2010

ENERGY TECH Iraq's oil boom could tempt Iran


raq's headlong drive to become the world's top oil producer is gathering pace although building the infrastructure to make that happen poses problems.

But there are also political pitfalls: Iraq's energy boom makes a tempting target for Iran as it battles a salvo of sanctions imposed by the United Nations, the United States and the European Union in recent weeks with the aim of throttling its vital oil industry.

"The map of the world's main energy suppliers is about to change," veteran Middle East observer Patrick Cockburn wrote in London's Independent newspaper July 1 of Baghdad's plan to boost oil production from around 2 million barrels per day to 10 million-12 million bpd over the next seven years.

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