The KRG is down, but not yet out. Despite its oil revenues being slashed by the loss of Kirkuk, it is continuing to make steady progress in developing its oil and gas sector. Can it maintain this newfound momentum?

The past week has brought a number of notable developments for the oil and gas sector in Iraqi Kurdistan with the release of independently audited results, a major oil sales agreement for the Shaikan field and a return to exploration by US major Chevron.

Six months ago these...