Seized Oil

Alberta Oil - - OBSERVER -

In 2008, So­mali pi­rates seized the Sirus Star, a Saudi ULCC su­per­tanker with two mil­lion bar­rels of oil on­board—one-quar­ter of Saudi Ara­bia’s daily out­put. The hi­jack­ing moved the price of oil on world markets one U.S. dol­lar. The pi­rates later ran­somed the tanker, crew and cargo for US$3 mil­lion.

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