Energy Update

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BAGHDAD, Feb 16 (Reuters) - Iraq is ready to commit to freezing its oil production at January levels if a deal is reached among OPEC and non-OPEC countries, an Iraqi oil ministry source said on Tuesday.

LONDON, Feb 16 (Reuters) - OPEC member Iran could be offered special terms under a global deal to freeze oil production levels, two sources familiar with the matter said on Tuesday.

DUBAI, Feb 16 (Reuters) - Iran will not give up its appropriate share of the global oil market, the Iranian oil minister was quoted by his ministry's news agency as saying on Tuesday.

* Brussels seeks prior approval of EU intergovernment agreements

LONDON, Feb 16 (Reuters) - Oil ministers from Saudi Arabia, Russia, Venezuela and Qatar announced on Tuesday an agreement to freeze their oil output levels provided other major producers follow suit.

* Naimi says output freeze at January levels is adequate step

* Aims to cut debt to $10 bln by year-end (Adds CEO comment, analyst, updates shares)

BEIJING/TOKYO, Feb 16 (Reuters) - China rapped Australian Foreign Minister Julie Bishop on Tuesday ahead of her visit to Beijing after she said Australia recognised the Philippines' right to seek arbitration in its dispute with Beijing over the South China Sea.

DOHA, Feb 16 (Reuters) - The oil ministers of Venezuela, Iraq and Iran will meet in Tehran on Wednesday to discuss an agreement to freeze producers' output at January levels, Venezuela's oil minister said on Tuesday.

DOHA, Feb 16 (Reuters) - Freezing oil producers' output will be adequate to improve the oil market, Saudi Arabian Oil Minister Ali al-Naimi said on Tuesday.

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