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.
-
Magazines2 months agoOER – September 2025 Issue
-
Alamaliktistaad Magazines2 months agoAlam Al Iktisaad – September 2025 Edition
-
News1 month agoKitchenomiKs Secures Investment of US$3.2M Led by Jasoor Ventures
-
News2 months agoCent Capital, AI Finance App by ex-AWS Strategist ‘The Beast of Bay Area,’ Launches to End Financial Anxiety, Hits $1M AUM
-
News2 months agoOman Inaugurates ‘Hadatha’ – Its All-New Cybersecurity Center
-
Banking & Finance2 months agoOman Arab Bank Highlights Its Ongoing Strategic Initiatives and Future Plans
-
News2 months agoIEA Expects Global Oil Market to Remain Oversupplied in 2026
-
Energy1 month agoWLGA Middle East LPG Summit & Expo 2025 to be held at OCEC on November 10 and 11

You must be logged in to post a comment Login