Saudi's Naimi: ** plans to reduce output despite rising exports from Iraq, others

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SEOUL, May 12 (Reuters) - Saudi Oil Minister Ali al-Naimi said on Monday that OPEC's largest producer has ** plans to reduce output despite rising shipments from Iraq and other producers. "People like our oil - why reduce?" Naimi said in Seoul, when asked if the kingdom will reduce output to accommodate rising output from other producers. Naimi also said that total global oil demand was steady. "Don't worry about individual countries - look at the total," he said. (Reporting by Meeyoung Cho; Writing by Manash Goswami; Editing by Tom Hogue)

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