CAIRO, Nov 5 (Reuters) - Iraq's cabinet ordered the autonomous Kurdish region on Tuesday to immediately transfer its oil output to the country's state-run firm SOMO.
Iraq's cabinet also approved a budget measure to compensate the Kurdish government for production and transport costs, and set a $16 per barrel rate for foreign oil companies operating in Iraqi Kurdistan.
(Reporting by Jaidaa Taha, Yomna Ehab, Adam Makary and Ahmed Rasheed Editing by Gareth Jones)
((Jaidaa.Ahmad@thomsonreuters.com;))
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