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Tag: Arabia

Saudi Arabia oil and gas production reduced by drone strikes

Saudi Arabia oil and gas production reduced by drone strikes

World
Media playback is unsupported on your device Saudi Arabia has cut oil and gas production following drone attacks on two major oil facilities run by state-owned company Aramco.Energy Minister Prince Abdulaziz bin Salman said the strikes had reduced crude oil production by 5.7m barrels a day - about half the kingdom's output.A Yemeni Houthi rebel spokesman said it had deployed 10 drones in the attacks.US Secretary of State Mike Pompeo blamed the attacks on Iran saying there was no evidence they came from Yemen.The fires are now under control at both facilities, Saudi state media say. Aramco CEO Amin Nasser said no casualties had been reported in the attacks.The Saudis lead a Western-backed military coalition supporting Yemen's government, while Iran backs th...
Saudi Arabia oil facilities ablaze after drone strikes

Saudi Arabia oil facilities ablaze after drone strikes

World
Media playback is unsupported on your device Drone attacks have set alight two major oil facilities run by the state-owned company Aramco in Saudi Arabia, state media say.Footage showed a huge blaze at Abqaiq, site of Aramco's largest oil processing plant, while a second drone attack started fires in the Khurais oilfield.The fires are now under control at both facilities, state media said.A spokesman for the Iran-aligned Houthi group in Yemen said it had deployed 10 drones in the attacks.The military spokesman, Yahya Sarea, told al-Masirah TV, which is owned by the Houthi movement and is based in Beirut, that further attacks could be expected in the future.He said Saturday's attack was one of the biggest operations the Houthi forces had undertaken inside S...
Lockheed awarded $3.3B for PAC-3 missiles for Saudi Arabia, Kuwait

Lockheed awarded $3.3B for PAC-3 missiles for Saudi Arabia, Kuwait

Business
Dec. 24 (UPI) -- Lockheed Martin has been awarded a contract for Phased Array Tracking Radar to Intercept on Target Advanced Capability-3, or Patriot PAC-3, missiles for Saudi Arabia and Kuwait. The contract, announced Friday by the Department of Defense, is worth a total of $ 3.3 billion for production of the missiles, with associated ground support equipment and initial spares of both PAC-3 missiles and PAC-3 Missile Segment Enhancement interceptors. Production on the contract will occur in Alabama, Arkansas, Florida, Massachusetts and Texas, with the company being obligated $ 1.8 billion from fiscal 2019 other procurement Army funds. "PAC-3 and PAC-3 MSE give our customers unmatched, combat-proven hit-to-kill technology to address growing and evolving threats," Jay Pitman, vice preside...
Qatar will pull out of OPEC amid tension with Saudi Arabia

Qatar will pull out of OPEC amid tension with Saudi Arabia

World
The tiny, energy-rich Arab nation of Qatar announced on Monday it will withdraw from OPEC in January, mixing its aspirations to increase production outside of the cartel's constraints with the politics of slighting the Saudi-dominated group amid the kingdom's boycott of Doha. The surprise announcement from Qatar's minister of state for energy affairs, Saad Sherida al-Kaabi, again throws into question the role of the cartel after needing non-members to push through a production cut in 2016 after prices crashed below $ 30 a barrel. It also marks the first time a Mideast nation has left the cartel since its founding in 1960. In a statement, al-Kaabi said Qatar, the world's largest exporter of liquified natural gas, planned to increase its exports from 77 million tons of gas per year to 110 ...
Trump stands with Saudi Arabia despite Khashoggi killing

Trump stands with Saudi Arabia despite Khashoggi killing

World
Donald Trump has admitted Saudi Arabia's crown prince may have known about Jamal Khashoggi's killing - but will not punish the country financially. The US president said America plans to remain a "steadfast partner" of the kingdom.Mr Khashoggi, a journalist and staunch critic of the Saudi rulers, was murdered inside the Saudi consulate in Istanbul on 2 October after entering to obtain documents so he could marry his Turkish fiancee.Mr Trump said: "Our intelligence agencies continue to assess all information, but it could very well be that the crown prince had knowledge of this tragic event - maybe he did and maybe he didn't!"We may never know all of the facts surrounding the murder of Mr Jamal Khashoggi. In any case, our relationship is with the Kingdom of Saudi Arabia."Th...