BAGHDAD, Dec 13 (Reuters) - Oil major BP is close to
reaching a deal with Iraq to cut the final production target for
the supergiant Rumaila oilfield to between 1.8-2.2 million
barrels per day (bpd), oil ministry and oil industry sources
Officials from BP, Iraq's state-run South Oil Co. (SOC) and
the country's oil ministry have been in talks for the past four
months, studying BP proposals to lower the 2.85 million bpd
target they agreed in 2009, the sources said.