Iraq’s oil output likely to be affected by oil-gas barter deal with Iran: source

Iraq’s oil production may be affected by a deal to pay for Iranian gas imports by bartering fuel oil and crude from Baghdad, a source from state oil marketer SOMO said July 12, even as OPEC’s second-biggest producer grapples with the continued suspension of northern oil exports since March 25. Iraq and Iran signed an agreement to barter crude and…