Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

Loading, please wait

Algerian Forces Surround Gas Facility after Terrorist Group Takes Hostages

By
Posted on Wed, 16 January 2013 22:31 | 0

At 4.30am local time, armed men infiltrated a facility located in the Ain Amenas gas field in south-eastern Algeria, close to the border with Libya, and took the workers hostage, according to the state run Algerian Press Service.

The attack began when three vehicles of armed men attempted to ambush a bus carrying employees from the site to a nearby airport. The attack was driven off, at which point the group headed towards the facility’s living quarters where the hostages were taken.

Algerian forces have now surrounded the site, which is jointly owned by BP (NYSE:BP), Statoil, and Sonatrach, the state run oil company.

Related Article: Yemen - Oil War to Intensify

An Algerian security official has reported that 41 foreigners have been kidnaped by the gunmen, with a group known as the Katibat Moulathamine, or the Masked Brigade, claiming to a Mauritanian news company that it was responsible for the attack.

The Masked Brigade was established by Moktar Belmoktar, the long-time strongman of al-Qaeda in the Sahara region before he split off to form his own armed Islamist group.

The Masked Brigade have claimed that the attack is in response for Algeria allowing French jets to use its airspace whilst conducting attacks against al-Qaeda linked rebels in neighbouring Mali.

The French president Francois Hollande launched the aerial attacks in a surprise operation aimed at eliminating what he believes are Islamist extremists who pose a threat to the world.

By. Joao Peixe of Oilprice.com


Join the discussion

Special Reports

8 Mega Trends

8 Mega Trends

By Oil & Energy Insider Analysts

8 OIL & GAS INDUSTRY MEGA-TRENDS AND HOW TO PROFIT FROM THEM
Here's what our 400 global energy assets are telling us to be prepared for right now...

LNG Technology

LNG Technology

By Oil & Energy Insider Analysts

THE "FLOATING REFINERY" STOCK THAT COULD FUND YOUR RETIREMENT
This company's incredible tanker technology could eliminate many of the world's offshore pipelines...

Subsea Production

Subsea Production

By Oil & Energy Insider Analysts

THE END OF OFFSHORE DRILLING?
This disruptive market will grow 84% to 270% over the next five years: Discover the 6 equipment suppliers set to profit.

Be the first to comment on this article.


Martin tiller