PetroChina (PTR.NYSE, 0857.HKG, 601857.SHA) said plans are underway to evacuate some staff in a response to Islamic militant attacks in Iraq, but oil production remains unaffected, Reuters reported. Iraqi officials say the southern regions that produce some 90% of the country’s oil are completely safe from the Islamic State of Iraq and the Levant, which has seized much of the north in a week as Baghdad’s forces there collapsed. Some oil firms, such as BP (BP.NYSE, BP.LON) and Exxon (XOM.NYSE), were pulling foreign staff from Iraq, fearing the militant insurgents could strike major oilfields in the south of the country.
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