HELSINKI, Finland _ Norwegian oil company Statoil ASA (NYSE: STO, Stock Forum) says it will resume operations at a gas field in Algeria, 19 months after five Norwegian workers were killed in a terrorist attack there.
Statoil ASA says it has decided to reopen the Ain Amenas plant after ``outstanding security operations'' were implemented.
The move follows similar action at the oil and gas company's other Algerian plants, which were put back into operation a year ago and in early 2014 after improved security measures.
Statoil said that Algerian authorities had also introduced security measures`` beyond those implemented by the joint venture.''
In January 2013, terrorists took 37 people hostage at the Ain Amenas natural gas plant, including 12 Statoil employees, which led to a four-day siege by Algerian forces in which 29 al-Qaida-affiliated militants were killed.