Financial Times: Oil groups face rise in threats to security
“Shell has faced terrorist threats in Kuwait, Iraq, Saudi Arabia and Pakistan this year. One of its chartered vessels was hijacked in Somalia.”
Wednesday 5 October 2005
By Jimmy Burns and Thomas Catan in London
* Shell warning on risks from terrorism and corruption
* ‘It is very uncomfortable to produce oil with guns’
International terrorism, corruption and local activism are threatening oil operations in many countries, one of the sector’s senior security advisers has warned.
Ian McCredie, head of Global Security Services at Shell International, said the growing risks had forced Royal Dutch Shell to make its own security arrangements in “hostile environments”, covering many of the most important areas in which it operates. He pointed to 14 oil producing regions where local security forces were judged to be “largely ineffective”.
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