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BAGHDAD, Feb 10 (Reuters) - Iraq said on Wednesday OPEC+ would keep its output cuts policy unchanged at a March meeting, but that Saudi Arabia would likely abandon voluntary production cuts of 1 million barrels per day (bpd) after that as oil prices rally.
Iraqi Oil Minister Ihsan Abdul Jabbar said he anticipated an oil price of $58 to $63 in 2021. The minister spoke at a news briefing in Baghdad.
Abdul Jabbar said he hoped Saudi Aramco might get a share in a deal to develop Iraq’s Akkas gas field.
He said a consortium led by oilfield services provider Schlumberger was now the front-runner to win that project and that Iraq intended to cancel an agreement over Akkas with South Korea’s KOGAS in the coming months.