Published on 7/06/2020 10:08:51 AM | Source: Reuters

Iraq tells OPEC it will cut oil output to comply with quota - OPEC delegate

Posted in Top Stories| #World Market #OPEC #Iraq

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BAGHDAD  - Iraq has told OPEC it would start an urgent plan to cut its oil production gradually to fully comply with its quota, an OPEC delegate said on Saturday, after the group demanded that Baghdad and other laggards adhere to a pact on output curbs.

Iraq's plan would include reaching a deal with oil majors to start significant cuts from Iraqi oilfields where they operate and reaching agreement with the Iraqi Kurdish region to contribute to the total production cut, the delegate told Reuters.

(Reporting by Ahmed Rasheed; Editing by Edmund Blair)