Iraq Oil Minister seeks exemption from OPEC+ output cut deal during Q1 2021

Iraq Oil Minister HE Ihsan Abdul Jabbar Ismaael said in a local media outlet that they will seek an exemption from the OPEC and its allies (OPEC) output cut deal during the first quarter of 2021.

Iraq will adhere to cuts over the next three months, he added.

This comes after Iraq's oil exports, excluding those from the semi-autonomous Kurdish region, fell 6% in August from July, signaling tighter compliance with its OPEC+ quota.

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