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Iraq currently produces 3.5 million bpd and exports 2.8 million bpd, an unprecedented significant increase during the past 25 years. Iraq is now the second-biggest producer in OPEC after Saudi Arabia. It exports 2.2 million bpd from the southern oilfields and 400,000 bpd from the Kirkuk oilfields, which are one of the three giant oilfields in Iraq. Yet, the eastern and southern regions of Iraq are still the wealthiest in terms of oil resources. All giant and mega-giant fields are located in the south and include 70% to 80% of Iraq's proven oil reserves, while 20% of these reserves are in Kirkuk, Mosul and Khanaqin.