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News imageNews imageFront Page | In depth | World | Conflict with IraqNews image
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Iraq�s proven oil reserves of 112 billion barrels are the world�s second largest, behind Saudi Arabia.

Lack of investment and restrictions on imports of machinery and technology have taken their toll on the oil industry � which was also battered during the Gulf War.

The country has only been allowed to export a limited amount of oil under the UN�s oil-for-food programme.

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