Wednesday 16 October 2019
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business-standard - 7 days ago

Saudi Aramco hits out at lack of resolve over attacks

The head of Saudi Aramco hit out Wednesday at the lack of global resolve to stop attacks on more oil installations, one month after strikes on two of its facilities. The September 14 attacks on Aramco plants in Abqaiq and Khurais -- which initially halved the kingdom s crude output and sent global energy markets into a tailspin -- intensified geopolitical tensions in the crude-rich Middle East. An absence of international resolve to take concrete action may embolden the attackers and indeed put the world s energy security at greater risk, said Aramco CEO Amin Nasser, speaking at the Oil Money industry conference in London. The strikes on Abqaiq -- the world s largest oil processing facility -- and the Khurais oil field in eastern Saudi Arabia roiled oil markets and revived fears of a conflict in the tinderbox Gulf region. Observers say the attacks have also exposed the vulnerabilities of Saudi oil infrastructure, while the extent of the damage at the plants remains ...

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