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Iraq baulks at joining Opec cuts

It says it should be exempted from cutting production, making it harder for the group to reach an output deal to stabilise oil markets

Iraq became the fourth Opec member - after Iran, Nigeria and Libya - to seek an exemption from output limits.


OPEC'S (Organization of the Petroleum Exporting Countries) second-largest producer threw an obstacle in the group's path towards a final deal to stabilise oil markets when Iraq baulked at joining efforts to trim output to prop up crude prices.

Iraq should be exempted from...

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