Iraq has opened the taps at a new oil export terminal, the Associated Press reported. 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. Jihad said the new single point mooring (SPM) was inaugurated Sunday by Prime Minister Nouri al-Maliki during a ceremony in the oil-rich province of Basra.
