Exxon Carries Out Major Evacuation From Iraq: Oil Official -- CNBC/Reuters
The head of Iraq's state-run South Oil Company Dhiya Jaffar said on Wednesday that ExxonMobil has carried out a "major evacuation'' of their staff and BP had evacuated 20 percent of its staff.
He said ENI, Schlumberger, Weatherford, and Baker Hughes had no plans to evacuate staff from Iraq following the lightning advance of Sunni militants through the country. The companies, which are based in southern Iraq where the government is still in firm control, were not immediately available for comment.
"This message is not satisfactory for us. We are not convinced the work should not be done remotely. They should be here on the ground,'' Jaffar told Reuters.
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More News On The Impact On Oil Markets As Iraq's Civil War Escalates
Iraq Crude Exports Surge in South While Violence Hits North -- Bloomberg Businessweek
Wall Street warily watching Iraq, oil prices -- Reuters
China's oil operations in Iraq unaffected, cuts some staff -- Reuters
Iraq Crisis Threatens Chinese Oil Investments -- Bloomberg
$120 Oil Flagged as Danger Point for Global Economy on Iraq Crisis -- Bloomberg
Understand Iraq’s Impact On Global Oil In Four Easy Charts -- IBTimes
Here's The Iraq Scenario Where Oil Spikes By Another $50 -- Business Insider
What does Iraq's crisis mean for oil? -- BBC
The Iraq Nightmare Scenario That Could Send Oil Prices Surging -- Joe Weisenthal, Business Insider
If Iraqi oil goes off line, $200 oil is next -- Market Watch
2 comments:
I've been keeping my eyes out on the petrol pumps in the country I live in - at this point prices have remained the same at the pump, although with the way it is heading, I do expect a price rise soon.
Has anyone noticed price increases at the pump in their countries as yet?
Russia and China are the same. South Korea and Japan slightly up (about 5%). In Canada where I live .... about 5%.
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