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CALGARY, Alberta, March 18 (Reuters) - Oil companyConocoPhillips plans to cut about 7 percent of itsworkforce in Canada, or about 200 employees, as tumbling oilprices have made its operations in the country less profitable.
The company, which operates conventional and oil sandsoperations in Canada, told Reuters on Wednesday the cuts came asoil prices continue to weaken after falling more than 60 percentsince June.
"The challenging economic environment has required us tomake some difficult decisions," Andrea Urbanek, a spokeswomanfor the company, said in an email.
ConocoPhillips shares were up 4 cents in midday trading onthe New York Stock Exchange at $62.05.
The layoffs follow one from Talisman Energy Inc onWednesday; the company will cut 15 percent of its staff due tolow prices ahead of its acquisition by Spain's Repsol SA.
Other Canadian producers that have already announced jobcuts include CNOOC-owned Nexen Energy, Suncor EnergyInc and Royal Dutch Shell.
(Reporting by Anna Driver in Houston and Scott Haggett inCalgary; Editing by Terry Wade and Bernadette Baum)