No 22



Iraqi Resumption Of Oil Exports No Threat To Market Or OPEC, Says Naimi

Iraqs resumption of oil exports will have little impact on the global market in the short term and is not a threat to OPEC, although future trends in production there could have an impact, Saudi Arabias Oil Minister Ali Naimi was cited as saying in the 29 May issue of Japans Nihon Keizai Shimbun newspaper. He said that Iraq production up to its pre-sanctions oil output of about 3.5mn b/d...