Petrofac Unaffected by Iraq Problems

By John Lee.

Oil and gas service provided Petrofac has said that the security problems in Iraq have had "no significant impact" on its operations.

In its Interim Management Statement, 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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