Yemen’s Iran-backed Houthi rebels fired a Quds-2 missile at Aramco’s North Jeddah plant, later confirmed by Saudi authorities.
A Houthi military spokesman said the attack on Aramco's site in Jeddah was carried out with a Quds-2 type winged missile.
Saudi Aramco, the world's most valuable listed company, shows a 44.6 percent drop in net profits during the Q3.
The company reports 50 percent drop in profits for the first half of the year. Five other leading oil firms, BP, Chevron, ExxonMobil, Royal Dutch Shell and Total, recently reported combined losses of $53 billion for the second quarter.
A picture of a South Asian man serving as a mobile hand sanitiser caused anger on social media. State-owned oil giant Aramco, which employs the man, has apologised for the incident.
The US killing of Iranian general Qasem Soleimani serves as a reminder to the GCC that when push comes to shove, they are all in the same boat.
Expect the Gulf crisis to continue well into 2020, even if Saudi-Qatar relations thaw.
Saudi Arabia's oil company surpassed Apple as the largest listed company in the world. Aramco is worth more than the top five oil companies Exxon Mobil, Total, Royal Dutch Shell, Chevron and BP combined.
A number of policy setbacks have pushed Saudi Arabia to revisit its blockade of Qatar raising the spectre of a potential rapprochement.
Aramco said it would sell 1.5 percent of the company in a blockbuster initial public offering worth at least $24 billion.
Saudi Arabia has an incredible opportunity to move away from its complete dependence on oil, but it will need to make a number of structural changes to ensure its plans are not derailed.
Prospectus made public allows a glance into world's largest oil producer but doesn't say how large a stake it intends to sell.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2023 TRT World.
Like
Follow