12 February 2012
BAGHDAD: The first floating terminal will increase oil exports to 2,4 million b/d, an oil ministry spokesman said today.

Spokesman Asim Jihad said to journalists that the terminal will have a capacity of 85,000-900,000 b/d, within a ministerial plan to construct five terminals in future.

He added that the ministry aims at exporting 5 million b/d in the coming few years.

Jihad disclosed that 16 big tanks are under construction with a capacity of 350,000 b/d.

Earlier today, Iraqi Premier Nouri al-Maliki inaugurated the floating terminal in Basra province.

© Aswat Aliraq 2012