Tag Archives: Aramco

The Yemeni army has launched a large-scale military operation inside Saudi Arabia, hitting the Arab kingdom’s Khaled airbase and Aramco refinery, in retaliation for a years-long brutal war by the Saudi-led coalition against impoverished Yemen. In a statement carried by Yemen’s al-Masirah television network on Saturday, spokesman of Yemen’s Armed …

Saudi Arabia’s state oil company acknowledged that some of its data is being held for ransom online. Aramco said it likely came from a third-party contractor, denying there’s been any breach of its computer systems. The company confirmed to AP on Wednesday it “recently became aware of the indirect release …

Saudi Aramco’s net income plunged by 50% in the first half of the year, according to figures published Sunday, offering a revealing glimpse into the impact of the coronavirus pandemic on one of the world’s biggest oil producers. Profits for the first six months of the year plunged to $23.2 …

Saudi Arabia’s state-owned oil company Saudi Aramco has just pulled off the biggest initial public offering (IPO) in history, raising $25.6 billion. The IPO, however, fell short of the Saudi Crown Prince’s $2 trillion valuations. The company sold 3 billion shares priced at 32 riyals ($8.53) each. The mega-float exceeds …

Ayatollah Khamenei on Tuesday ruled out talks with Washington after Donald Trump blamed Tehran for a crippling attack on Saudi Arabia’s oil facilities. “Iranian officials, at any level, will never talk to American officials … this is part of their policy to put pressure on Iran,” Iranian state TV quoted …

For more than four years, Yemen’s army and allied popular forces — led by the Houthi Ansarullah movement — have been defending the country against a devastating Saudi-led military campaign meant to reinstate a former Riyadh-friendly government. The war has so far claimed over 91,000 lives and taken a heavy …

Yemeni drones have hit two oil facilities of Saudi Arabia’s state oil giant Aramco in the country’s east, causing huge fires before dawn on Saturday. A spokesman for Saudi Arabia’s interior ministry said in a statement that the attacks targeted two Aramco factories in Abqaiq and Khurais. The statement did …