Iraq army captures Qayyara oil region from IS, Abadi says
- AT&T (T) Agrees to Acquire Time Warner (TWX) for More than $80 Billion - WSJ
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
Iraqi security forces wait for vehicles travelling to Mosul to fight against militants of Islamic State at an Iraqi army base in Camp Taji in Baghdad, February 21, 2016. REUTERS/Ahmed Saad/File Photo
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
BAGHDAD (Reuters) - The Iraqi army has dislodged Islamic State from the Qayyara oil producing region located south of their de facto capital Mosul, Prime Minister Haider al-Abadi said on Thursday.
"The liberation of Qayyara is an important step toward achieving the larger goal of restoring Mosul province," according to tweets from Abadi's media office.
Iraqi forces last month captured the Qayyara airbase which it plans to use as a hub to support forces advancing on Mosul, 60 km (38 miles) further north.
Abadi hopes to defeat the group this year by capturing Mosul, the largest city under its control in both Iraq and Syria.
The Qayyara region produces heavy sour crude and has a small refinery to process some of the oil.
(Reporting by Maher Chmaytelli and Stephen Kalin; Editing by Richard Balmforth)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Dozens of demonstrators arrested at North Dakota pipeline
- AT&T to buy Time Warner for $85 billion, create telecom-media giant
- Colombia airline restarts Venezuela flights after warplane incident
Create E-mail Alert Related CategoriesReuters
Related EntitiesCrude Oil
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!