Radioactive material that went missing in Iraq has been found dumped near a petrol station in the southern town of Zubair, officials said on Sunday, ending speculation it could be acquired by Islamic State and used as a weapon. The officials told Reuters the material, stored in a protective case the size of a laptop computer, was undamaged and there were no concerns about radiation. Reuters reported last week that Iraq had been searching for the material since it was stolen in November from a storage facility belonging to U.S. oilfield services company Weatherford near the southern city of Basra.
ZURICH/BAGHDAD, Feb 18 (Reuters) - Swiss inspections group SGS and U.S. group Weatherford International Plc traded recriminations on Thursday, both denying responsibility for the disappearance last year of radioactive material used to test pipes at an oil field in southern Iraq. Reuters reported on Wednesday that Iraq was searching for a "highly dangerous" radioactive source whose theft in November had raised fears among Iraqi officials that it could be used as a weapon if acquired by Islamic State.
SGS SA said full-year profit dropped 13 percent as the world’s largest inspection firm grappled with the crash in commodity prices and a strong Swiss franc.