China's oil operations in Iraq unaffected, cuts some staff


  • World
  • Wednesday, 18 Jun 2014

BEIJING (Reuters) - PetroChina, the single biggest investor in Iraq's oil sector, is pulling some of its staff out of the Middle East nation, but production remains unaffected as militant Islamists threaten the unity of OPEC's second-largest producer.

China is Iraq's largest oil client, and its state energy firms, which also include Sinopec Group and CNOOC Ltd, together hold more than a fifth of the country's oil projects after securing some of its fields through auctions held in 2009.

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