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Iraq: Oil output and exports rise as industry rebuilds
Politics: Iraq attained its independence as a kingdom in 1932; it became a republic in 1958. Saddam Hussein’s presidency was marked by conflict, including the 1980-88 war with Iran, the 1991 Gulf war and the US-led occupation in 2003, which removed the Baathist regime. Thirteen years after Saddam’s demise, Iraq has yet to emerge from conflict. GSN’s political risk grade was moved from D to E, reflecting continuing levels of violence.
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