Crude oil production in Iraqi Kurdistan sank 15% to 484,300 b/d in August due to the effects of the  31 July Islamic State attack on the 170,000 b/d Bai Hasan field. As a result, the recent agreement with Baghdad to resume exports from the disputed Kirkuk field will provide a much needed boost to government coffers in September.

The state of Kurdistan Regional Government (KRG) finances is again becoming a major issue for IOCs operating in the country. The latest figures by the Ministry...