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BP sees limited effect from crisis on Iraq’s oil output

: Sunday, June 22 - 2014 @ 01:14

BP chief executive, Bob Dudley has said risks of disruption to Iraq’s oil output will remain limited despite the worsening crisis in the country, AFP has reported. “At the moment oil production isn’t affected,” Dudley said on the sidelines of an energy conference in Moscow. “I don’t believe that this kind of difficulty and instability will spread all the way to the far south of Iraq” — home to the majority of the country’s oil operations. But we should all be very alarmed by what is happening,” he said. “At the moment, the implications for oil production appear limited,” Dudley added.

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Sunday, June 22- 2014 @ 1:14 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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