Iraqi Unrest “No Significant Impact ” on Petrofac

By John Lee.

Oil services company Petrofac has shrugged off worries that its performance will be hit by the unrest in Iraq.

In a trading statement on Tuesday, the company said:

“Our operations in Iraq are south and east of Baghdad and represent less than 5% of the Group’s expected revenues for 2014.

“While we continue to monitor events closely, there has been no significant impact on our current operations to date.”

(Source: Petrofac)

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