February 2016 proved to be a month to forget for Iraqi Kurdistan. The region’s key export pipeline remains out and producer Genel has halved its reserves estimate for the key Taq Taq field.

As if the ongoing outage of the Kurdistan Regional Government’s (KRG’s) crude oil export pipeline since 16 February (MEES, 26 February) wasn’t enough, the addition of a 29th day to February ensured that the month lasted just long enough to include Anglo-Turkish firm Genel’s...