Iraq/Kurdistan: Iraq’s Kirkuk Province Ready to Cut Oil Output amid OPEC Deal
Dec 22, 2016
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Khalid Al Ansary, Bloomberg
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Iraq’s oil-rich Kirkuk province, under the protection of the nation’s Kurds since 2014, said it’s willing to reduce crude production if required to meet the country’s OPEC commitments. The province is prepared to reduce output if the decrease is “proportional” with the country’s other regions, Ahmed Al-Askari, head of Kirkuk province’s oil, energy and industry committee, said by phone. It hasn’t yet received any official request to cut oil output. The state-run North Oil Co. pumps about 160,000 to 170,000 barrels a day from the region.