The Iraqi government has asked oil field operators in Kurdistan to resume production to facilitate its goal of increasing pipeline flows to Turkey from 220,000 b/d to 770,000 b/d by mid-August. The closure of the Strait of Hormuz since early March has caused vital oil export revenues to collapse, and with federal state marketer Somo now in charge of marketing Kurdish barrels, oil from the region represents an important potential source of new revenue.
Prime Minister Ali al-Zaidi met with IOC executives and officials from the semi-autonomous Kurdistan Regional Government (KRG) in Baghdad on 3 June, a day after the new export target was separately announced by the cabinet. (CONTINUED - 1682 WORDS)