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“Of course we are worried because we operate there and our people are still working,” Yakovlev said adding that “we do not feel any impact yet as the company operates in the country’s calm regions and everything is in line with the plan.”
At the same time the Russian oil company is working on plan B, which stipulates intensified security and even evacuation of personnel.
In early June militants from the Islamic State in Iraq and the Levant, a jihadist group, took under control the Iraqi province of Ninawa with its capital Mosul, the second largest city in the country, and a part of the northern province of the Salah al-Din with its capital Tikrit.
Iraq goes behind Saudi Arabia in terms of volumes of proven oil reserves. The recent insurgency has resulted in rocketing oil prices on the global market.