Iraq's new Gulf oil terminal ready

By Finance

Iraq's 2nd of five floating Gulf oil terminals came online on April 20, adding 900k barrels per day to the country's export capacity, the chief of the Southern Oil Company told.
News from Basra: Vessel has docked at the second floating oil terminal with capacity two million barrels of oil.
The 1st of the these terminals started exporting oil in March.
Iraq's export capacity from the south grew and now is 3.5 million barrels per day, said Southern Oil Company.
Iraq currently produces near two million bpd from the south, although that figure is set to become about 2.75 million bpd by the end of the year.
The goal is for Iraq to be capable to export more than 5 million barrels pd of oil from the south.
The gross domestic product of Iraq is formed mainly 2/3 from exporting oil.