BASRA, Iraq, Jan 29 (Reuters) - A group led by Italy's Eni
is in final talks with Iraq to cut the production
target of Zubair oilfield to 1 million barrels per day (bpd)
from 1.2 million bpd, a senior Iraqi oil official said, a move
which could lead to a downsizing of the country's output goals.
Iraq also is close to a final deal with Royal Dutch Shell
to cut the final production target of Majnoon oilfield
to 1.2 million bpd from 1.8 million bpd, head of the state-run
South Oil Co., Dhiya Jaffar told Reuters on Tuesday.
The OPEC member's oil exports from its southern oilfields
are at 2.084 million barrels per day so far, higher than the
2.02 million bpd exported last month, he said.