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Iraq to offer full crude volumes for August

15 July 2010

Iraq is to supply crude to the majority of Asian term buyers at full contracted volumes for August, compared with an average 10% to 15% cut for July, Reuters has reported, citing oil traders. The cuts for July had been as deep as 50%, though some received full allocations, traders said. "Ports conditions seem to be better now and loading is faster than before," one source was quoted as saying.

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