Iraq Prime Minister Haider al-Abadi said the autonomous Kurdish region was exporting more than its allocated share of oil as the country seeks to comply with an OPEC output cut. In November, OPEC agreed to cut output by 1.2 million barrels per day from January 2017 to support prices. Iraq, OPEC’s second largest producer, agreed to reduce output by 200,000 bpd to 4.351 million bpd. “The region is exporting more than its share, more than the 17 percent stated in the budget,” Abadi said. Oil exports from the Kurdish region have long been a point of contention with Baghdad, which claims sole authority over sales of all the country’s crude. Kurdish regional authorities have yet to publish oil export figures for December, but the Ministry of […]