Eni (ENI IM) begins evacuating all foreign personnel from Iraq's Zubair oilfield in Basra, according to reports; will not affect production operations at Zubair; TotalEnergies (TTE FP) evacuated its personnel from projects in Iraq's Basra

Eni (ENI IM) begins evacuating all foreign personnel from Iraq's Zubair oilfield in Basra, according to reports; will not affect production operations at Zubair; TotalEnergies (TTE FP) evacuated its personnel from projects in Iraq's Basra.

Eni's evacuation of foreign personnel from the Zubair oilfield amid concerns in Iraq highlights ongoing geopolitical tensions, but the assurance that production operations will remain unaffected mitigates immediate supply worries. This situation could lead to increased risk perception in the energy sector, especially for companies operating in similar regions, while offering potential safe haven demand for oil prices if tensions escalate further.