Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Ryanair hands O’Leary six-year extension

      Michael OLeary speaking at a Ryanair press conference, dressed in a suit, discussing the airlines latest business updates

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      F*** f*** f***: Tennis star Moutet fined £4k per F-bomb for Queen’s Club outburst on BBC

      News article image with diverse professionals in a corporate meeting discussing business strategy and innovation trends.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Fogo de Chao nominated for Best Casual Dining Toast award

      Fogo de Chão restaurant exterior with vibrant signage and bustling entrance at popular city location

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Sunday 31 July 2016 5:26 pm

Isis fighters launch attack on key oil field in Northern Iraq

By: Jessica Morris

Add as a preferred source on Google

At least five workers were killed and major oil pumping was shut down after Islamic state militants attacked a gas facility and an oil field in Northern Iraq today.

Four employees were shot dead and two guards left critically injured after four gunmen stormed an AB2 gas compressor station in the early hours of this morning. They also planted explosive charges before escaping, about five of which detonated, Reuters reported.

Read more: Oil on a slick-ery slope: Brent crude heads past $42 per barrel mark

Elite counter-terrorism forces subsequently arrived and regained control of the facility, freeing 15 other employees who had survived by hiding in a separate room. 

The Isis fighters are believed to have launched a similar assault at the Bai Hassan oil field. An oil engineer was killed, while five policemen were wounded.

Amaq news agency, which supports Islamic State, said Isis fighters were behind the Bai Hassan facility, but no one has yet claimed responsibility for the earlier attack.

Read more: Shell shares drop as it reports 72 per cent drop in earnings

Bai Hassan was controlled by the Baghdad until it was seized by Kurdistan Regional Government forces in July 2014. 

Energy consultancy Wood MacKenzie said the oil fields production peaked at 195,000 barrels per day in 2012, but its forecast was slashed to just 10,000 barrels last year.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics

Categories

  • Markets

Trending Articles

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • FTSE 100 Live: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

  • Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

  • City investors raise alarm on Burnham’s Chancellor pick

More from CityAM

  • Starmer eases sanctions on Russian oil despite calls to ramp up North Sea drilling

    Energy
    North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.
  • Investment firms anticipate surge in renewable energy spending

    Energy
    Battery storage sites are seen as crucial to supporting renewable energy.
  • Kolibri Global Energy Inc. Announces Bank Line Increase to $75 Million and Earnings Release and Call Information

    Business Wire
  • Shell shares slump after earnings rocket on oil surge

    Energy
    Shell CEO Wael Sawan in a boardroom setting, highlighting his reported £4.5m pay boost under new remuneration policy.
  • British forces intercept Russian shadow fleet in Channel

    Politics
    The five warships will be built at BAE's flagship facility in Glasgow
  • King’s Speech: Ministers ban North Sea oil and gas exploration

    Energy
    North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.
  • Reeves warned Iran war oil shock will lead to government borrowing spike

    Economics
    Rachel Reeves speaking at an IOD event.
  • Iran ‘pulls out of talks with US’ and threatens to strike Israel

    Politics
    Iranian military vessels patrol the strategic Strait of Hormuz amidst escalating tensions in the region

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies