Iraq’s government has approached international oil companies operating some of its largest oilfields to reduce production further and they have agreed, Reuters reports , citing an unnamed source from the industry. An earlier report by Bloomberg said Baghdad had asked BP, which operates the giant Rumaila field in the southern part of the country, by another 10 percent. Rumaila is Iraq’s biggest oil field and produces some 1.5 million barrels of crude daily. Iraq’s production quota under the latest OPEC+ agreement for production control was 3.6 million bpd, but according to Bloomberg calculations, the country, which is OPEC’s second-largest exporter of oil, exceeded this by as much as 600,000 bpd last month. It was the first month of deep cuts among OPEC+. Now, according to the Reuters source, Baghdad has agreed with Lukoil to cut an additional 50,000 bpd in output from its average daily at West Qurna-2, after […]