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Rockets Hit near Site of Foreign Oil Firms, State-Run Companies in Iraq’s Basra

Rockets Hit near Site of Foreign Oil Firms, State-Run Companies in Iraq’s Basra
folder_openMiddle East... access_timeone month ago
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By Staff, Agencies

Reuters reported on Monday that missiles hit near sites of foreign and state-run oil companies in Iraq's Basra. However, no casualties have been reported so far.

According to police, the missiles were Katyushas launched at around 3 a.m. local time and hit the Burjesia residential and operations headquarters west of Basra.

At the same time, the Iraqi military stated that the rockets hit near US-based Halliburton company site.

The strike on oil facilities came as earlier on Monday oil prices continued to fall after Russia and Saudi Arabia delayed negotiations over oil output cuts, thus continuing oversupply concerns.

Initially, the parties were scheduled to meet on 6 April but the talks were postponed until 9 April.

In late March, the US occupation forces deployed its Patriot missile system to the Ain al-Assad base in Iraq in a move to allegedly "protect against another potential Iranian attack”.

Oil prices suffered their worst decline in decades in March after Russia and Saudi Arabia failed to reach a deal on output cuts amid the ongoing COVID-19 crisis.

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