Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Iraq says it averted al Qaeda tanker truck attack on major oil site

Thu, 30th May 2013 13:26

* Al Qaeda attack on major oil facility stopped

* Violence surging as insurgents step up bombings

By Ahmed Rasheed

BAGHDAD, May 30 (Reuters) - Iraq foiled an al Qaeda plot touse tanker trucks packed with explosives to attack a key Baghdadoil facility, a senior security official and oil sources said.

The security official declined to name the facility becausethe investigation was underway but oil ministry officials saidthe security forces were on high alert following a spate ofattacks on a northern pipeline.

Protecting infrastructure for the world's fourth largest oilreserves is crucial for Iraq as it rebuilds an industry batteredby years of war following the 2003 U.S.-led invasion andsanctions against former ruler Saddam Hussein.

"We have arrested a key local leader of al Qaeda whoorganised the plan to launch a major attack against a large oilfacility in Baghdad," a senior anti-terrorism official said.

The security source said insurgents planned to packexplosives into tankers transporting crude oil from southernBasra oilfields to the main oil storage depots inside the majoroil facility of Baghdad, where the bombs would be detonated.

"They were planning to put in explosives and booby-trap morethan one oil tanker," he said.

Baghdad oil facilities include the large Doura refinery,East Baghdad oilfield, which currently has limited production ofaround 10,000 barrels per day to feed Doura, and a gas facilityjust north of the capital.

Militants often target security forces, and Shi'ite andSunni mosques, but attacks on major oil sites beyond pipelinebombings are rarer.

A key pipeline from Iraq's northern oilfields around Kirkukto the Turkish port of Ceyhan has been repeatedly attacked bymilitants over the last month.

Gunmen attacked a gas field operated by Korea Gas Company inApril, killing three local contractors.

Violence has spiked since the start of the year as alQaeda's local wing, the Islamic State of Iraq, and other SunniIslamist insurgents stepped up attacks to try to stoke awidescale sectarian conflict.

Iraq expects to boost its oil output to rival the level oftop producer Saudi Arabia after awarding some of its mostattractive oilfields to global oil companies, including BP, Shell and Exxon Mobil.

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

Read more
21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

Read more
15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

Read more
7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

Read more
31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

Read more
25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.