Iraq’s oil contracts make joining OPEC output cut more painful

Iraq’s oil contracts make joining OPEC output cut more painful
18 November 2016, London/Baghdad — Iraq would have to compensate international oil companies for limits placed on their production, according to industry sources and documents seen by Reuters, further reducing the prospect it will join any OPEC deal to curb the group’s output. The compensation – stipulated in contracts – would compound the financial hit […] More »
Iraq’s oil contracts make joining OPEC output cut more painful Iraq’s oil contracts make joining OPEC output cut more painful Reviewed by Crude Oil Facilitators on 12:00 Rating: 5

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