Iraq is selling more crude oil to its biggest customer, China’s Unipec, people familiar with the matter say, digging a deeper foothold in the global supply market just before production cuts agreed with OPEC and other producers are scheduled to kick in. With new deals with Indian and U.S. refiners also coming on stream, the expanded contract with the trading arm of Asia’s largest refiner Sinopec ( 600028.SS ) means Baghdad will have to reduce supply to other clients to honor its commitment to cut output by 210,000 barrels per day (bpd) from 2017. Three people with knowledge of the matter said the Unipec contract was signed just before the Organization of the Petroleum Exporting Countries (OPEC), of which Iraq is a member, agreed with other producers led by […]