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Al Qaeda Plot Against Saudi Oil Targets is Foiled
Posted By James Phillips On March 25, 2010 @ 6:30 pm In Security | Comments Disabled
The Saudi Interior Ministry announced yesterday that it had uncovered a plot  to attack Saudi oil facilities and arrested 113 suspected members of al-Qaeda. The 113 militants reportedly were organized into three cells and had been planning suicide attacks on oil and security facilities in Saudi Arabia’s oil-producing Eastern Province. Fifty two of the suspects were from Yemen, which has become the primary base  for Al-Qaeda in the Arabian Peninsula after many cells based in Saudi Arabia were uprooted in previous Saudi crackdowns.
Al-Qaeda long has been focused on attacking oil-related targets in Saudi Arabia. In May 2003 it launched car bomb attacks against the housing compounds of foreign oil workers. In February 2006 al-Qaeda terrorists launched a failed attack  on a vital Saudi oil processing facility at Abqaiq. Such attacks not only weaken the perceived power of the Saudi government, but if successful could help to drive up oil prices, punishing western oil-importing countries, particularly the United States, the world’s leading oil importer.
In 2008, the Heritage Foundation’s Center for Data Analysis conducted a simulation  of a major al-Qaeda attack on Saudi oil facilities, combined with attacks on oil tankers, that produced a massive oil price spike that almost doubled world oil prices and triggered a loss to the United States of $119 billion of Gross Domestic Product and 1.5 million jobs in the first year after the attack. Let’s hope that the Saudi security services have successfully blunted the al-Qaeda threat to Saudi oil facilities and continue to do so in the future.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2010/03/25/al-qaeda-plot-against-saudi-oil-targets-is-foiled/
URLs in this post:
 uncovered a plot: http://www.alertnet.org/thenews/newsdesk/LDE62N1S1.htm
 become the primary base: http://www.heritage.org/Research/Reports/2010/01/Yemen-and-the-Resurgent-Al-Qaeda-Threat
 launched a failed attack: http://www.washingtoninstitute.org/templateC05.php?CID=2446
 conducted a simulation: http://www.heritage.org/research/NationalSecurity/upload/cda_08-11.pdf
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