- Baker Hughes (BHI) says it has suspended operations in Iraq following a weekend protest at a facility near the southern town of Basra, and Reuters reports Schlumberger (NYSE:SLB) may have followed suit.
- Iraq has been ripped by growing instability as Syria’s civil war spills over into the country, reigniting the sectarian conflict that had raged until 2007, and the moves are a serious setback for Iraq's oil industry which had been slowly rebuilding itself.
Iraq violence forces oil services halt
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| Symbol | Last Price | % Chg |
|---|---|---|
| BKR | - | - |
| Baker Hughes Company | ||