News On Iran & Its NeighboursIraqProtecting Iraq's oil supply

Protecting Iraq’s oil supply

-

The Guardian: The frigate HMS Cornwall is on patrol as the lead ship of Combined Task Force 158, whose UN-backed mission is to protect Iraq’s oil platforms and exports against pirates, smugglers, and terrorists. The Guardian

Richard Norton-Taylor

The frigate HMS Cornwall is on patrol as the lead ship of Combined Task Force 158, whose UN-backed mission is to protect Iraq’s oil platforms and exports against pirates, smugglers, and terrorists.

The platforms are critical to the economic and political reconstruction of Iraq, the Ministry of Defence said yesterday. They pump out oil that accounts for 90% of the country’s GDP. An attack in 2004 led to a two-day shutdown costing up to $28m (£14.2m), the MoD said. The knock-on effect was a spike on the world oil market, causing a further loss of some $6bn.

Sailors and Royal Marines operate with US and Australian ships and the Iraqi navy on security operations centred around the Khawr al Amaya and Al Basra oil terminals just south of the Al Faw peninsula, home to Iraq’s largest port, Umm Qasr.

The northern Gulf is strategically and economically important for both Iran and Iraq, aggravating the genuine difficulties in marking boundaries. As the Cornwall’s commanding officer Commodore Nick Lambert put it said yesterday: “The extent and definition of territorial waters in this part of the world is very complicated.”

Eight British sailors and marine commandos were seized in July 2004 after three patrol boats were said to have strayed into the Iranian side of the Shatt al-Arab waterway. The men were blindfolded, held for three days, and paraded on Iranian television. Iran kept the boats, along with weapons, ammunition, navigational equipment and radios.

Latest news

How Do the Children of Iranian Regime Officials Manage Smuggled Wealth?

Sky News published a report on April 19 about the children of Iran's ruling elites, who are known as...

The Collapse of Livelihoods in Tehran; Housing Rent Has ‌Become a Nightmare

An examination of rental listings in Tehran’s Districts 4 and 5 shows that the average asking rates in April...

Iran’s ‘No To Executions Tuesdays’ Campaign Marks 117th Week

On Tuesday, April 21, the "No to Executions Tuesdays" campaign entered its 117th week. On this occasion, prisoners participating...

The Naval Blockade And the Structural Fracture of Iran’s Economy

The blockade of the Strait of Hormuz has now become one of the most decisive variables in Iran’s political...

Iran’s Regime Moves to Seize Assets of Dissidents

Iran's regime has once again revealed its true nature in the form of an overt state-backed theft; this time...

Execution of PMOI Members Hamed Validi and Nima Shahi in Tehran

In the early hours of Monday, April 20, Hamed Validi and Mohammad (Nima) Massoum Shahi, two members of the...

Must read

Turkey’s Petkim to build Iran chemicals plant

Reuters: Turkish chemicals producer Petkim has signed a memorandum...

US may free ‘tiny portion’ of $45 bln Iran assets: Kerry

AFP: US Secretary of State John Kerry Thursday revealed...

You might also likeRELATED
Recommended to you