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Oil Production

Qatar to cut oil production from January 1

DOHA: State-owned Qatar Petroleum, one of the largest oil companies in the world, announced on Tuesday that it will reduce production levels from the beginning of next year. The reduction -- beginning on January 1 -- comes following the…

IMF sets $5.3 billion program for Iraq

WASHINGTON: The IMF announced a $5.34 billion program for Iraq on Thursday to help strengthen the country's finances, hit by the crash in oil prices and the fight against the Islamic State group.

Senior IMF official visits Iran

WASHINGTON: The International Monetary Fund (IMF) said Sunday that its second in command was on a two-day visit to Iran for discussions on economic developments.