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A lack of water threatens Iraq's plan to increase its oil output, become a leading regional producer and boost its faltering economy.The shortage of water is hurting production at two main southern fields: West Qurna-1 and Zubair, official and industry sources told Reuters.Output from West Qurna-1 – operated by ExxonMobil – has fallen almost 40 percent compared with last year, to around 300,000 barrels per day, an industry source said, adding that a shortage of water was one of the reasons.It was currently pumping around 280,000 bpd, the source said."100 percent correct," another Iraqi oil source in Baghdad said when asked if lack of water was a reason behind the production decline in the two oil fields.Infrastructure and logistical constraints, as well as security worries, have already forced Iraq to cut its 2014 oil output target more than once – to 3.7 million bpd from an initial target of 4.5 million bpd, excluding Kurdish oil exports. Rumaila oil field, which accounts for almost half of Iraq's production and is operated by BP, gets around 500,000-700,000 bpd of treated water from the Qarmat Ali facility, which covers its water needs, at least for now.
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