• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 6 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 3 hours Socialists want to exorcise the O&G demon by 2030
  • 9 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 2 days Is Natural Gas Renewable? I say yes it is.
  • 21 hours Cheermongering about O&G in 2019
  • 2 days Making Fun of EV Owners: ICE-ing Trend?
  • 1 day Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 13 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 4 hours Russian Message: Oil Price War With U.S. Would Be Too Costly
  • 2 days North Sea Rocks Could Store Months Of Renewable Energy
  • 5 hours Oil CEOs See Market Rebalancing as Outlook Blurred by China Risk
  • 2 days Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 3 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
Is Kuwait’s $500 Billion Oil Plan Overoptimistic?

Is Kuwait’s $500 Billion Oil Plan Overoptimistic?

Kuwaiti Oil Minister Khaled al-Fadhel…

Algerian Forces Surround Gas Facility after Terrorist Group Takes Hostages

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 | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News