Petrofac flags challenges in Saudi Arabia and Iraq

(Reuters) - British oilfield services provider Petrofac Ltd said on Tuesday that it has booked $1.7 billion (£1.3 billion) in new orders so far this year even as it faced challenges in Saudi Arabia and Iraq, which has crimped its business. Petrofac for the last two years has been navigating legal challenges as Britain probes allegations of bribery at the company. But the company has managed to sign multiple contracts and sell some assets to beef-up its core business.In February, a former..