Good news about Iraq's economy from The Economist:Iraq's windfall from higher oil prices is grand. America's State Department reckons that, if prices stay put, Iraq this year should earn more than $70 billion, though this year's budget projected $35.5 billion based on $57 a barrel at a production rate of 1.7m barrels a day. The latest production figure is 2.53m, a shade higher than its pre-war peak.
Hat tip: LT Nixon, who is stateside and blogging up a storm
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