Iraq agrees with oil majors to cut output, but short of OPEC+ target

Iraq agrees with oil majors to cut output, but short of OPEC+ target
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14.05.2020

MOSCOW (MRC) -- В Iraq is cutting its oil output by around 700,000 barrels per day (bpd), a third less than required under an OPEC+ supply pact, after it failed to persuade international oil majors operating its giant fields to agree to deeper reductions, reported Reuters.Iraq has agreed with oil majors operating its five giant southern oilfields to cut 300,000 bpd, Iraqi oil officials to

Full article at mrcplast.com

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