Iraq, Italy's Eni in talks to cut Zubair output to 1 mln bpd

Reuters Middle East

BASRA, Iraq, Jan 29 (Reuters) - A group led by Italy's Eni

is in final talks with Iraq to cut the production

target of Zubair oilfield to 1 million barrels per day (bpd)

from 1.2 million bpd, a senior Iraqi oil official said, a move

which could lead to a downsizing of the country's output goals.

Iraq also is close to a final deal with Royal Dutch Shell

to cut the final production target of Majnoon oilfield

to 1.2 million bpd from 1.8 million bpd, head of the state-run

South Oil Co., Dhiya Jaffar told Reuters on Tuesday.

The OPEC member's oil exports from its southern oilfields

are at 2.084 million barrels per day so far, higher than the

2.02 million bpd exported last month, he said.

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes