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Iraq has cut the production of the giant Majnoon field to 104,000 barrels per day (bpd) this month from 220,000 bpd in January, an official source at the Iraqi Oil Ministry told Reuters.
The source said the process of cutting production in the field was a commitment from Iraq to the agreement of the Organization of the Petroleum Exporting Countries (OPEC).
Iraq's supply is below its maximum production capacity of around 5 million bpd, in line with an agreement between OPEC and other exporters, including Russia, to cut global supply to support prices.
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