Iraq’s new oil minister has scored a major breakthrough in KRG relations. Kirkuk exports have already restarted, with revenue to be split 50:50 between Baghdad and Erbil. This will provide a timely, if modest, boost to export revenues which though up in August are set to plumb 10-year lows for 2016 as a whole.

Iraq’s new Oil Minister Jabbar al-Luaibi faced a daunting in-tray upon being sworn in on 15 August (MEES, 19 August). Production growth had largely stalled. With oil...