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Iraq Seeks Exemption from OPEC Production Deal on Islamic State War

Posted on 28 October 2016

Iraq is arguing that its intensifying war against Islamic State won’t allow it to reduce output along with other OPEC members, threatening to derail the landmark agreement.
The Persian Gulf country is pushing for an exemption from an Organization of the Petroleum Exporting Countries pact reached in September that would cut output between 1% and 2% to make oil more scarce globally and shake prices out of a two-year slump……………………………………Full Article: Source


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