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AS OPEC’S NUMBER two oil producer and the owner of the world’s second largest natural gas reserves, Iran should arguably be the Middle East’s pre-eminent economy. Indeed, strong oil revenues driven by record highs in prices have given the country a boost in recent years. And in the Iranian year ending in March 2003, the IMF estimated that real GDP grew at 6.8%, led by non-oil sector growth of 7.9%.
Yet Iran is also a country in desperate need of reform.
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