Seeking Alpha

Lukoil (LUKOF.PK, LUKOY.PK) says it will cut its production in Iraq by 30% to 1.2M bbl/day...

Lukoil (LUKOF.PK, LUKOY.PK) says it will cut its production in Iraq by 30% to 1.2M bbl/day instead of 1.8M after the Iraqi government decided to limit output in order to prop up prices. BP's recent request to reduce its contracted production from the giant Rumaila field to ~2M bbl/day from 2.85M cited the lack of infrastructure, export opportunities and an abundance of government bureaucracy.
Comments (1)
  • wigit5
    , contributor
    Comments (4101) | Send Message
     
    I'm surprised there arent more cuts around the world...
    27 Dec 2012, 10:31 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector