Oil Majors Cut Staff in Iraq on Fears Violence Will SpreadSource: Reuters | 19 June 2014
Some oil companies are pulling foreign staff from Iraq, fearing Sunni militants from the north could strike at major oil fields concentrated in the Shi’ite south despite moves by the Baghdad government to tighten security.
Iraqi officials say the southern regions that produce some 90% of the country’s oil are completely safe from the Islamic State of Iraq and the Levant (ISIL), which has seized much of the north in a week as Baghdad’s forces there collapsed.
The government says 100,000 police dedicated to protecting oil facilities are on high alert and well armed.
But oil firms are taking no chances with the foreign expert staff who could be prime targets for jihadists. And some importers of Iraqi oil are getting nervous about supplies.
“We are just very vigilant in Iraq. Nonessential production people have left, but operations continue,” said Bob Dudley, chief executive at BP, a major investor in Iraq through the giant Rumaila field. He was speaking to reporters in Moscow.