Iraq to Fall Short of 2014 Target for Oil Output, Lawmaker Says

Iraq to Fall Short of 2014 Target for Oil Output, Lawmaker Says

Ahmad Al-Rubaye/AFP via Getty Images

Iraq seeks to raise oil output to an average of 3.7 million barrels a day this year and at some point in 2013 to match its 1979 output record of 3.8 million, Oil Minister Abdul Kareem Al-Luaibi told reporters.