Iraq back as fastest growing oil exporter

Iraq has reclaimed the title of the world's fastest growing oil exporter following the decline in the Libyan oil export, due to the conflict in that country.

The Libyan oil export has suffered immensely from the conflict ravaging the country, and this in turn benefits Iraq, as the country has now reclaimed the top spot among the world's fastest growing oil exporters. According to Reuters, Iraq is already the second-largest producer among OPEC nations.

This in spite of the fact that the war in Syria has created unrest in parts of the country, and Iraq will likely present one of the largest annual output improvements, as oil companies such as BP, Exxon Mobil, and several others are using the country's southern oil fields, which are not affected by the turmoil.

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