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Aramco attacks show company entanglement in Saudi politics

From apnews.com

The public first learned of the attacks from residents of the area who uploaded videos and photos of the massive fires at the processing facility in the eastern city of Buqyaq. It wasn’t until 22 hours later that Aramco issued its own statement, acknowledging its plants had been attacked and that daily production of 5.7 million barrels of crude had been disrupted. Aramco CEO Amin Nasser was quoted in the brief statement as saying work was under way to restore production and a progress update would be provided in around 48 hours. The Wall Street Journal cited Saudi officials as saying a third of output would be ... (full story)

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  • Category: Fundamental Analysis