Iraq: Iraq’s Economy lays in wait for OPEC output cut deal

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Baghdad, Iraq 16-11-2016

Iraqi economists are hopeful that an OPEC deal, reached last September in Algiers to cut oil production, is implemented. In the first of such deals since 2008, OPEC had agreed on a modest oil output cuts with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.





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