BASRA (Reuters) – Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day (bpd) by the end of 2019 and to 450,000 bpd by the end of 2021 from a current 240,000 bpd, the director of the Basra Oil Company said. Abdul Jabbar, in an interview with Reuters late on Friday, said Iraq’s southern oil exports were a little below 3.6 million bpd so far in January after hitting a record high of 3.63 million bpd in December. Iraq, OPEC’s second-largest producer, is producing below its maximum capacity of nearly 5 million bpd in line with an agreement among members of the Organization of the Petroleum Exporting Countries and other exporters, such as Russia, to curtail global supply in order to […]