* Iraq seeks to stem losses from falling oil prices
* Calls on firms to reduce development costs
* Baghdad seeks amended contracts to “share risk”
* Says companies should maintain output despite changes
MR_Story By Ahmed Rasheed
BAGHDAD, March 12 ( Reuters ) – Oil companies have proposed millions of dollars of cuts in development spending in Iraq, a senior oil ministry official said, after Baghdad told them low oil prices and its fight against Islamic State had made payments difficult.