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Drone attacks strike major Saudi Aramco facility, oilfield

Saturday, September 14, 2019, 1:35 PM

Drones attacked the world's largest oil processing facility and major oilfield in Saudi-Arabia early on Saturday, the kingdom's Interior Ministry said, sparking a huge fire at a processor crucial to global energy supplies. No one immediately claimed responsibility for the attacks in Buqyaq and the Khurais oil-field operated by Saudi Aramco, though Yemen's Houthi rebels previously launched drone assaults deep inside of the kingdom.
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OPEC kingpin Saudi Arabia replaces energy minister with king's son

Sunday, September 8, 2019, 8:11 PM

Saudi Arabia's King Salman named his son as energy minister after veteran-official Khalid al-Falih was sacked, state-media said Sunday, in a major shakeup as the OPEC kingpin reels from low oil prices. The appointment of Prince Abdulaziz bin Salman, half brother to de facto ruler Crown-Prince Mohammed bin Salman, comes as Saudi Arabia prepares for a much-anticipated stock listing of state-owned oil giant Aramco.
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Saudi Aramco board sees too many risks for New York IPO

Saturday, August 31, 2019, 7:24 PM

The board of Saudi-Aramco has determined that listing the state-energy giant in New-York would carry too many legal-risks to make it a realistic option, five-sources said, although they said a-final-decision lay with Saudi-Arabia's crown prince. Saudi-Aramco said in a statement it "continues to engage with the shareholder on IPO readiness activities", when asked by Reuters if New-York had been dropped as a listing venue.