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.
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.
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.