Oil groups face rise in threats to security

Oct 05, 2005 02:00 AM

International terrorism, corruption and political unrest are threatening oil operations in many countries, an executive with the Shell oil group was quoted as saying.
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."

McCredie pointed to 14 oil-producing regions where local security forces were judged to be "largely ineffective." Oil companies face growing security risks as they move into more unstable parts of the world in search of resources.
Company managers must deal with kidnappings and guerrilla movements in Latin America and Africa, as well as the threat of terrorist attacks in the Middle East.

In Russia, Shell is having to increase its IT security because of the threat of industrial espionage from local oil companies and the activities of corrupt officials.
The risks have led to a booming industry in private security companies to protect oil production in places where local security forces are seen as inadequate.

Source: AFP
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