Iraqi Kurdistan oil firms pull out staff, shares fall


  • World
  • Saturday, 09 Aug 2014

Shi'ite Muslims listen to Sheikh Abdul Mehdi Al-Karbala'i speak as he delivers the text of a sermon by Iraq's top Shi'ite cleric Grand Ayatollah Ali al-Sistani, during Friday prayers at the Imam Hussein shrine in the holy city of Kerbala August 8, 2014. REUTERS/Mushtaq Muhammed

LONDON (Reuters) - Oil companies in Iraqi Kurdistan withdrew more staff on Friday as the United States launched air strikes to defend the regional capital Arbil from Islamic State militants and Britain told its citizens to leave.

Iraqi Kurdistan-focused shares have fallen as investors reassess what was previously viewed as a stable semi-atonomous region. Some of the biggest oil operators in the region have lost almost a quarter of their market value this week.

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