Iraq May Renegotiate Contracts as it Weighs Lower Output Target

摘要

Iraq may lower its production sights toa more “suitable” 8 million-8.5 millionbarrels per day from the official 12 millionb/d target and renegotiate contracts withinternational oil companies, the country’soil minister says.But even as it mulls the scaleback,Baghdad is considering a mini bid roundto tap the giant southern Nasiriyah oilfield and plans to hike output from north-ern fields around Kirkuk to just under 1million b/d.