Energy
Aramco Pumping Stations Targeted in Drone Attack

(Bloomberg) — Saudi Arabia said Tuesday that unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the state oil company to suspend some operations in the area to assess the damage. Oil prices rose.
The stations are linked to a giant pipeline transporting oil from fields in the eastern sector to the port of Yanbu on the western coast, state-run Saudi Press Agency reported, citing the Energy Ministry.
The pipeline has been halted, but Aramco is working to restore the link and Saudi oil exports are continuing as normal, SPA said. Saudi stocks reversed gains, with the benchmark Tadwul All Share Index trading 0.2 percent down at 2:19 pm in Riyadh.
The attack comes amid rising tensions in the Gulf as the U.S. increases pressure on Iran. On Monday, Saudi Arabia said two of its oil tankers were among several vessels attacked while sailing toward the Strait of Hormuz, the world’s most important chokepoint for oil shipments.
The manager of one of the tankers hit said that the vessel had got a hole in its hull after being struck by an unknown object off the coast of the United Arab Emirates.
“These attacks prove again that it is important for us to face terrorist entities, including the Houthi militias in Yemen that are backed by Iran,” SPA said.
Iranian-backed Houthi rebels in neighboring Yemen said earlier in the day that they had targeted key Saudi installations using seven drones, according to the rebel-controlled Saba news agency.
-
Banking & Finance2 months ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain2 months ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance1 month ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines2 months ago
OER, June 25
-
Energy1 month ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
Banking & Finance2 months ago
The Future of the International Financial System to be discussed at SPIEF 2025
-
Retail2 months ago
All services are moving toward personalisation says Tatyana Kim, Founder of Wildberries and Head of RWB
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, June 25
You must be logged in to post a comment Login