Two company employees were seized in Iraq on May 10.
"Technically and psychologically, it would be logical to complete the work in Iraq," Mr. Loginov said. "On the other hand, we cannot risk people's life. And if the situation does not improve we will take essential measures - evacuate all the workers, despite all the Iraqi requests to stay."
Asked by RIA Novosti about the actions that the company's management would take if the hostages were not freed within three days, Mr. Loginov said: "We will take serious measures."
He also said that settling the hostage situation is the main condition for the continuation of the company's work in Iraq, but improvement of the general situation in Iraq is a no less important condition. Mr. Loginov recalled that the Iraqi government asked the Russian leadership to ensure that Interenergoservis continued to work in Iraq.
"After the situation with the hostages is, as I hope, settled safely, we intend to hold talks with the Iraqi government on improving our working conditions. I mean improvement of the security system, improvement of the guards, and improvement of living conditions," he said.