Iraq willing to cut oil output in OPEC's plan to boost prices - PM

By Saif Hameed BAGHDAD (Reuters) - Iraq is willing to cut its crude oil output as part of OPEC's plan to reduce global supply and boost crude prices, Prime Minister Haider al-Abadi told reporters on Wednesday in Baghdad. "What we lose in lowering production we will gain in oil revenues," he said. "Iraq will shoulder part of the production reduction".