With Iraqi Kurdistan set for parliamentary elections on 30 September, politicians can at least point to a modest rebound in crude output this year. But revenues remain well below 2017 levels.

The first eight months of 2018 have seen a much-needed return of upstream activity in the KRG, helping salve the October 2017 loss of Kirkuk output to the Federal government. MEES puts current output at around 380,000 b/d (see chart 1) and expects the region to top 400,000 b/d before the year is out.

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