With oil prices already stretched to record highs, a terrorist attack targeting vital oil installations would have immediate global consequences, experts say. Wells, pipelines, refineries and tankers have all been targeted in recent years by Al-Qaeda-linked groups, or by local armed militants such as in the Niger Delta – and many of the facilities remain poorly protected against potential attacks. On February 24, Saudi security forces foiled an attack on oil installations in Abqaiq, which account for 70 percent of the country’s output, and 10 percent of the world’s, sending jitters through the oil sector. Full Story
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