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

OPEC delegate: Iraq tells OPEC it will cut oil output to comply with quota
  • Clock-gray 18:54
  • calendar-gray 06 June 2020

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, APA reports citing Reuters.

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 said.

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