IOCs operating in Iraqi Kurdistan are producing more than 90,000 b/d, generating a key source of cashflow following the late-March closure of the export pipeline to Turkey. Sales are being made to local refineries and while volumes and prices are both well below pre-shut-in levels, the outlook is at least less bleak for their operations than it seemed a few weeks ago.

When adding continued production from Khurmala Dome, operated by local firm Kar, total Kurdistan output is now well in excess of 100,000 b/d (see table). (CONTINUED - 642 WORDS)