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Saudi Aramco to keep 4.6 mln barrels of oil in Indian storage - govt

Wednesday, October 30, 2019, 3:54 PM

India will lease a quarter of its strategic petroleum reserve in Padur to Saudi Aramco to store about 4.6 million barrels of oil, a government official said on Wednesday, as New Delhi seeks global investment in its expanding energy infrastructure. Global oil producers are eager to gain a foothold in India, where fuel demand is expected to keep rising as the country's economy grows.
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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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