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

The Strange Business of Real Estate Agents and Grave Sales in Iran

The state-run Hamshahri newspaper reported on the buying and selling of graves in Iran. The report says that 460 million...

Iran’s Regime Claims Reaching Agreement with Oman, but Strait of Hormuz Will Not Be Reopened

While the Iranian regime seeks to portray its control over the Strait of Hormuz as a sign of power...

Iranian Regime Arms Shipment for Houthis Seized in the Red Sea

Forces of Yemen's internationally recognized government seized an arms shipment sent by the Iranian regime to the Houthi militants...

Iranian Regime Reports Attacks on U.S. Bases in Response to Larak Strike

Following the U.S. attack on IRGC positions on Larak Island, which killed and wounded several IRGC personnel and local...

U.S. Attacks IRGC Positions on Larak Island

Reports indicate that U.S. forces attacked two launch platforms belonging to Iran's Islamic Revolutionary Guard Corps (IRGC) on Larak...

Behind The $6 Billion Preferential Currency Allocation Scandal In Iran’s Auto Assembly Industry

News about the allocation of a large share of the automotive industry's government-supplied foreign currency to assembly companies has...

Must read

Global Leaders Rally Behind NCRI’s Provisional Government Amidst Historic Upheaval in Iran

As Iran grapples with the fallout of massive nationwide...

Iran demands $300,000 from British Museum over Cyrus Cylinder delay

The Times: Iran is demanding that the British Museum...

You might also likeRELATED
Recommended to you