Iraq opens new oil export terminal in Persian Gulf
Iraq has opened the taps at a new oil export terminal in the Persian Gulf in a vital step to bringing sorely needed cash for reconstruction after decades of war and international sanctions.
Oil Ministry spokesman Assem Jihad says oil exports through southern Iraq, which currently stand at about 1.7 million barrels a day, will be boosted by about 200,000 barrels per day beginning in March. (AP)
