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Iraq nears oil output capacity of 5 million bpd, committed to OPEC cuts

reuters.com
Iraq nears oil output capacity of 5 million bpd, committed to OPEC cuts

Iraqi Oil Minister Jabar al-Luaibi said on Saturday that the OPEC member's oil output capacity is nearing 5 million barrels per day, but the country will remain in full compliance with its output target under a global pact to cut supplies. Luaibi said the supply cut agreement between OPEC and non-OPEC