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Iraqis wait to see gains from country’s oil boom

August 20th, 2012

In this Thursday, Aug. 16, 2012 photo, Iraqi children cool off by swimming in a garbage-filled pond fed by wastewater runoff in Baghdad, Iraq. Iraq is fast becoming an oil producing powerhouse, but many Iraqis see little reason to celebrate the postwar petroleum gains that have turned Iraq into a leading oil producer. (AP Photo/Karim Kadim)Iraq is fast becoming an oil producing powerhouse, but you'd never know that by looking at the faded Unknown Soldier gas station in downtown Baghdad. There's no repair garage or mini-mart, just a cramped office with tattered vinyl couches. Horns blare as a string of waiting cars backs up into busy Sadoun Street, slowing traffic.

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