We’re still operating in Iraq: BP CEO

Bob Dudley, chief executive of oil major BP, moved to reassure investors and industry-watchers that the company's Iraq assets are safe.

Speaking at the World Petroleum Congress (WPC) in Moscow, Dudley told CNBC that BP's operations are located in the south of the country, with reports that Islamist militants are currently leading insurgencies in the north.

"Production's being increased in response to request by the government. It's a long way. We're of course very vigilant," he said.

Read More US considers air strikes on Iraq, holds talks with Iran

Bob Dudley, CEO of BP Plc, speaks during the 2013 CERAWeek conference in Houston, Texas, U.S.
F. Carter Smith | Bloomberg | Getty Images
Bob Dudley, CEO of BP Plc, speaks during the 2013 CERAWeek conference in Houston, Texas, U.S.

"We have removed non-essential production staff out of there. We continue to operate. We haven't missed a beat so far."

Concerns over Iraq have tipped stock markets into negative territory and have caused the price of oil to tick higher in recent days. Militants from the Islamic State of Iraq and the Levant took control of another town on Monday, Saqlaqiya, west of Baghdad, with the help of allied Sunni tribesmen. Government army officials also reported fighting south of the capital city.

Read MoreIran and the US: Can frenemies unite over Iraq?

The U.S. is reportedly considering air strikes to support the Iraqi army forces. It has ruled out any coordinated military action with Iran but U.S. and Iranian officials have held talks to stabilize the region, according to Reuters.

Dudley added that the government officials that BP are dealing with appear to be very much in control of the oil in the area.

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