Financial News
Algeria: 'Several Brits Held Hostage, One Killed'
Several Britons have been taken hostage - and one UK national killed - in a terrorist attack at a gas field in Algeria, according to Sky sources.
An Islamist militant group has claimed to have kidnapped up to 41 foreign nationals - including seven Americans and an Irishman - in a dawn raid on the gas facility part-operated by BP, Algerian state oil company Sonatrach, and Norway's Statoil in Algeria.
It claims to have repelled an attempt by Algerian soldiers to enter the facility, forcing them to retreat after an exchange of gunfire.
The group is said to be demanding French President Francois Hollande halts the operation against Islamist rebels in Mali.
It has also been reported that the captors want the release of 100 Islamists held in Algeria, in exchange for those being held at the gas field.
Three people have reportedly been killed in the attack at the plant situated in the east of the country near the Libyan border.
Foreign Secretary William Hague described the ongoing situation as "extremely dangerous", and said the Government would be working round the clock to resolve it and secure the release of the hostages.
He told Sky News: "We are liaising very closely at all levels with the Algerian government. I've just spoken to our ambassador in Algeria and sent a rapid deployment team from the Foreign Office in order to reinforce our embassy and consular staff there."
The attack follows a failed attempt earlier in the day when three vehicles carrying heavily armed men tried to ambush a bus carrying employees from the plant to a nearby airport.
The Algerian Interior Ministry said: "After their failed attempt, the terrorist group headed to the complex's living quarters and took a number of workers with foreign nationalities hostage.
"The forces of the People's National Army and security services arrived at the scene and immediately took all necessary measures to make the area secure and seek a rapid resolution of the situation, which is being very closely followed by the national authorities."
Algeria said it was not negotiating with the hostages.
Prime Minister David Cameron chaired a 45-minute meeting of the Government's crisis committee Cobra on the attack, attended by ministers from the Foreign Office and Ministry of Defence, as well as officials from other agencies.
His official spokesman said afterwards: "The ongoing incident has involved various nationalities, including several British nationals.
"We are working with BP to support the families of staff and provide consular assistance."
Mr Cameron has also spoken to Algerian Prime Minister Abdelmalek Sellal, with both agreeing to keep in touch as the situation progresses.
Downing Street said that it was "too early to speculate" on the motive.
BP is yet to comment on reports that Islamist militants, said to be connected to al Qaeda, had carried out the attack in revenge for the French military action in Mali.
The company said in a statement that the site was "attacked and occupied by a group of unidentified armed people," at around 5am UK time and that some personnel were believed to be "held by the occupiers".
It said it was seeking information as to whether any staff or contractors had been injured - and the identities and intentions of the people occupying the site - adding that it was contacting relatives of workers on the site.
A Japanese company, JGC Corp, provides services for the facility as well.
In addition, French company CIS catering has said that 150 of its Algerian employees are also being held at the site.
The White House said it was "closely monitoring" the situation, while French President Francois Hollande said he was in "permanent contact" with the Algerian authorities.
Ireland's Department of Foreign Affairs (DPA) confirmed a 36-year-old married man from Northern Ireland, travelling on an Irish passport, was among those taken.
It is understood that Japanese, Norwegian and French nationals, and a Canadian, are also part of the group.
Ireland's Deputy Prime Minister Eamon Gilmore called for the Irishman's immediate release.
He said: "The Government stands ready to use all the resources available to us to ensure that our citizen is released as soon as possible."
The country's Department of Foreign Affairs added it was providing consular assistance to the family and was in close contact with its international partners and a wide range of other contacts in order to establish the facts of the situation.
Militant group Katibat Moulathamine - "The Masked Ones - led by one-eyed Algerian national and former al Qaeda leader Mokhtar Belmokhtar, has reportedly claimed that one of its affiliates is responsible for the attack, and that five foreign nationals are being held in a factory on site, and 36 others in their living quarters.
The spokesman is said to have claimed the attack was carried out in retaliation for Algeria allowing France to use its airspace to carry out raids on northern Mali.
The development comes as EU foreign ministers are preparing to meet in Brussels on Thursday to discuss plans to send a 400-strong military training mission to Mali.
Europe Minister David Lidington said that Britain could make a "small contribution" to the mission but stressed that it would not be involved in combat operations.
what do you think?

ali baba
mmmmm interesting how this is under the finance section, rather then news

bjnk
ali, their just subtly letting us know our bills will rise shortly. Joking aside lets hope there is a bloodless ending for the hostages.

david
please dont ask for ransom or our gas will go up AGAIN

gypsy56
They wont - this isn't about ransom - this is about showing no-one is safe anywhere! Would assume any rescue attempt will result in large scale devastion of the site!

jimmy jelly1979
any rescue attempt will result in large scale gas bills

Chris Price
Its times like these that a highly trained multi national counter terrorism force working direct for the UN is needed. Like rainbow six from the tom clancey novel. Because we know what will happen here. The hostage takers wont just put their guns down and walk away, The algerian army will mess up any rescue attempt because its most likely an inside job. And if we sent in the SAS it would play into the islamists hands, and we would look like the occupying force that we are always portrayed as. So then when this multi-national force go in and set fire to thousands of gallons of gas and oil through action. Everyone can point the finger at the UN

jimmy jelly1979
get back on your ps3 forrest !

Lorgar Aurelian
A multi-national team would be the way forward. Someone who can operate without the do-gooders getting wind of it and selling them out beforehand. Tom Clancy again thinking before his time. Jimmy again behind the times...

Chris Price
Please jimmy xbox360

Mark Hussey
One problem gas and flashbangs do not mix.could wel be algerian army members involved as thay are conacted to alqm

david conway
Message to Algerian government. You negotiate with the kidnappers not the hostages! No chance otherwise.

william Baker
Wonder how long it is until the Americans & British put 'Advisors' in there? Same old senario different country. But same result, ie: Bring 'Democracy' to them, cost the taxpayer a fortune and make rich companies even richer. All very depressing tbh.

scooby.richards
send in jack bauer! that guy rocks!

Russell6730
Slowly but surely Britain is being drawn into an unwinnable war yesterday it was 2 transport planes now its a rapid response team to guard our embassy. tomorrow a brigade perhaps.Americas already got it's nose in the trough Theres got to be a few bucks to be made,a good chance to sell drone technology. What I'd like Hague to say is Just what affiliation Britain has with Mali and why we are there. While he's at it he can tell us why Britain is over represented in EUs wars when we're not a full member.What about the rest of the EU states why don't they contribute a few lives to this everlasting war.








ali baba
1:59pm on 16/1/2013
surprise surprise trouble surrounding natural resources