File - An employee works at the Tawke oil fields in the semiautonomous Kurdish region in northern Iraq, May 31, 2009. (AP Photo/Hadi Mizban)
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The revival in Iraqi oil output has stalled.The Oil Ministry's official target for 2014 is four million barrels a day by the end of the year, but it may be as low as 3.4 million, about the same as last month, according to the average of six analyst estimates compiled by Bloomberg News.While Iraq has added about 2 million barrels to daily production since 2003, the year of Saddam Hussein's ouster, attacks on pipelines and an oil-revenue dispute with the semi-autonomous Kurdish region are diminishing the country's dependability as a supplier. This is also contributing to making oil more expensive, VTB Capital said.
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