The violence in Iraq is a reminder the country is far from stable , but its production is expected to increase this year . Its exports have previously been ratcheted down and more realistic targets set . Deputy PM Hussain al - Shahristani said new targets would add to production . There is speculation that thawing relations between Tehran and Washington could see a partial lifting of economic sanctions on Iran , which has cut production by 1.5 million barrels a day . Thawing relations between Tehran and Iraq will help in this .
The violence in Iraq is a reminder the country is far from stable , but its production is expected to increase this year . Its exports have previously been ratcheted down and more realistic targets set . Deputy PM Hussain al - Shahristani said new targets would add to production . Thawing relations between Tehran and Iraq will help in this .