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Compass Venture Inc T.CVI.A


Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.


TSXV:CVI.P - Post by User

Post by Brimleyon May 30, 2014 12:13pm
189 Views
Post# 22615094

Good News: OIL PIPELINE IN MARIB REPAIRED

Good News: OIL PIPELINE IN MARIB REPAIREDSANA'A, Jan. 5­—Engineers finished repairing an oil pipeline in Marib on Sunday as government forces suspended a military campaign that began last Thursday against tribesmen accused of multiple attacks of sabotage on the pipeline, a local source said. Over the past week the infrastructure sustained several attacks, the most recent on Friday, after the military campaign began.

According to Sheikh Ali Al-Munifi, a tribal leader in Marib, Sheikh Ahmed Al-Jalal, another prominent tribal leader from Marib, was able to mediate a ceasefire between the tribesmen and the government that allowed engineers to fix the damaged pipeline. 

The acts of sabotage completely halt the transfer of oil to Yemen’s west coast to be exported.  

On Friday, the Ministry of the Interior reported that a military convoy of 14 armored cars, tanks and other military vehicles entered the the Al-Shabwan area on Thursday, in an attempt to capture the alleged saboteurs. The convoy came under attack, the ministry says, and one high-ranking army officer was killed in an exchange of gunfire. Two other officers and 14 soldiers were wounded in the fighting.  

The ministry also reported that three tribesmen were killed and four others wounded in the clashes. However, a local source told a local news website, Al-Masdaronline, that two civilians were killed in random army gunfire.

The suspension of the crackdown against the saboteurs came after the Supreme Security Committee, headed by President Abdu Rabu Mansour Hadi, threatened on Friday that the government will be taking action to confiscate property owned by the accused in Sana'a or any other city.

The committee said in a statement published in the state-run Saba News Agency on Friday, “strict instructions have been issued to confront saboteurs. [The government] warned that anyone found to be cooperating with these criminals or sheltering them will also have their [property seized].”

The original link is

https://www.yementimes.com/en/1744/news/3327/Oil-pipeline-in-Marib-repaired-government-to-confiscate-property-of-saboteurs.htm

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