MOSCOW, December 2. /TASS/. Lukoil is consulting with Iraq on reducing oil production in the country, the company’s Vice President said on Friday.
"Iraq agreed to reduce production. We are in dialogue with the Government and the Ministry of Oil of Iraq, where the consultations begin," he said.
Read also
- Lukoil CEO does not rule out further oil output reduction unless market stabilizes
- Russia is ready to cut production by 300,000 barrels per day and join OPEC agreement
- Russia’s schedule for reducing oil output to be ready before meeting with OPEC
- Iraqi PM says expansion of Russian oil companies in Iraq possible