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Iraq Sees Breakthrough on Oil Sales: Iraq’s oil minister predicted a breakthrough in talks with the United Nations next month to return to the oil market. “I don’t think there is any other choice but to make a breakthrough. Nobody should continue with the sanctions,” Oil Minister Usama al-Hiti told Reuters in an interview. Hiti, in his first general outline of what Iraq was seeking from a U.N. plan to sell oil, indicated that Baghdad might consider a figure of $2.4 billion of approved oil sales instead of the current $1.6 billion figure it has rejected.
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