Economy

Economy in Iraq Iraq's economy was characterized by a heavy dependence on oil exports and an emphasis on development through central planning. Prior to the outbreak of the war with Iran in September 1980, Iraq's economic prospects were bright. Oil production had reached a level of 3.5 million barrels per day, and oil. Iraq's main economic resources: Petroleum, Wheat, Barley, and Rice are the most inmportant resources in Iraq.   In this picture a worker is walking by his oil rig company's oil drums full of oil