Militant advance disrupts oil production in Iraqi Kurdistan


  • World
  • Friday, 08 Aug 2014

LONDON (Reuters) - Oil companies in Iraqi Kurdistan began to withdraw more staff on Friday as Islamic State militants closed in on the regional capital, with Afren becoming the first to announce it was cutting production.

Shares of London-listed oil firms active in northern Iraq fell for a second day as other field closures and staff evacuations became more likely in a region seen until now as relatively secure compared to the rest of the country.

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