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Tuesday, January 26, 2021 8:39 GMT

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Top News of Iraq

Iraq to Cut Crude Output to Compensate for OPEC Breach

published:25/01/2021 09:07 GMT

Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation’s crude. OPEC’s second-biggest producer will pump around 3.6 million barrels daily for the two months, according to Ali Nizar, the deputy head of SOMO. That would be the lowest level since early 2015 and compares with around 3.85 million in December, according to data compiled by Bloomberg. Exports, including those from the...More


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