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Iraq boosts oil export capacity in the Gulf | ASHARQ AL-AWSAT English Archive 2005 -2017
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BASRA, Iraq (AP) – A government official says Iraq has begun loading crude from a new offshore export terminal in the Persian Gulf.

State-run South Oil Company’s Dhia Jaafar said on Friday that 35,000 barrels are being pumped per hour.

He says the pumping started late Thursday off Basra, which has an export capacity around three million and a half barrels a day.

The new terminal is the second of five that will eventually handle about 5 million barrels a day. They will help Iraq to bring in sorely needed cash for reconstruction after decades of war and international sanctions.

Jaafar also says ExxonMobil Corp. will continue working in Iraq’s biggest oil field — the 8.6 billion-barrel West Qurna Stage 1 field in Basra province — even though it has been banned from bidding on developing gas fields next month.