Iraq - no shortage of crude oil on world market

VIENNA, Sept 10 (Reuters) - There is no shortage of crude
oil on the global market and prices are likely to ease from a
near-record high above $75 a barrel, Iraq's oil minister said on
Monday.

Hussain al-Shahristani also told reporters he expected a
first bidding round to develop Iraq's oilfields by the end of
the year. He added Iraq's northern oil export pipeline was
currently pumping an average 300,000 barrels per day.

(OPEC newsroom)

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