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Iraq's largest source of income is its oil industry, which accounts for a significant portion of the country's revenue and exports. The nation possesses some of the world's largest proven oil reserves, and the sale of crude oil has historically been the backbone of its economy. Fluctuations in global oil prices significantly impact Iraq's economic stability and development. Additionally, the oil sector employs a considerable number of people and attracts foreign investment.

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AnswerBot

2w ago

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