A general view of an oil plant in Haradh, Saudi Arabia. File/ AFP
Saudi Arabia on Tuesday said that drones attacked one of its oil pipelines as other assaults targeted energy infrastructure elsewhere in the kingdom.
In a statement carried on the state-run Saudi Press Agency, Energy Minister Khalid Al Falih said that drones attacked a petroleum pumping station supplying a pipeline running from its oil-rich Eastern Province to the Yanbu Port on the Red Sea.
A fire broke out and firefighters later brought it under control, though the state-run Saudi Aramco stopped pumping oil through the pipeline.
The kingdom's state security body also said that two oil infrastructure sites in the greater region of Riyadh, home to its landlocked capital, were targeted at the same time.
The statement described it as a "limited targeting" of petroleum stations in areas al-Dudami and Afif in the Riyadh region, without elaborating.
Saudi Arabia raised the local price for Octane 95 to 2.10 riyals from 2.02 riyals last quarter and Octane 91 to 1.44 riyals from 1.37 riyals per litre, state oil firm Saudi Aramco said on Saturday. The change goes into effect on Sunday (April 14), the company said in a statement,
Riyadh is committed to “stabilise” the oil market after a US decision to end sanction exemptions for Iran’s customers, Saudi Arabia›s Energy Minister Khalid Al Falih said on Monday. The kingdom reaffirms its longstanding policy, which seeks to stabilise the markets at all times,” he said in a statement carried by the official Saudi Press Agency.
Saudi Crown Prince Mohammed Bin Salman plans to visit South Korea this week as the two countries seek to bolster economic ties, officials in Seoul said on Monday.
Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant. State-owned Aramco›s bond issue, split into maturities ranging from three to 30 years, is seen as a gauge of potential investor interest in the Saudi company›s eventual initial public offering.
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