Aramco

Aramco’s Nasser says Hormuz bypass pipeline work has begun

Saudi Aramco has begun work to expand its East-West crude pipeline, which carries oil around the Strait of Hormuz, CEO Amin Nasser said on Tuesday, November 3. He also said the company plans to pump as much oil as it…

Aramco CEO says kingdom seeks foreign strategic storage

Saudi Arabia and Aramco are looking for partnerships with other countries to expand strategic oil storage, Chief Executive Amin Nasser said in an interview with Al Arabiya Business that aired on Thursday, October 22. He said he expects oil demand…

Nasser says Aramco now restarts attacked sites in days

Drones hit Saudi Aramco's biggest oil pipeline last month and burned one of its pumping stations to the ground. By the next day, bulldozers had started building a replacement line, and pumping started again within days, Reuters reported on Thursday.…

Saudi stocks hit 43-month low after Houthi strike on Aramco

Saudi Arabia's stock market dropped to its lowest level in 43 months on Wednesday, October 14. The fall came after Yemen's Houthi rebels hit the Dhahran headquarters of Saudi Aramco, an attack that added to investor worries about a widening…

Aramco CEO says oil squeeze to worsen until Hormuz reopens

Saudi Aramco Chief Executive Amin Nasser said on Monday that the world faces a "serious" squeeze on crude oil. He warned that pressure across the energy supply chain "will only intensify" until the Strait of Hormuz fully reopens and confidence…

  • 3 mins

Houthis claim new Abha strike after Riyadh, Aramco attacks

Yemen's Houthis said they launched three operations against Saudi Arabia on Monday evening, Oct. 5, using ballistic missiles, cruise missiles and drones. The group named King Khalid International Airport in Riyadh, a Saudi Aramco refinery in Rabigh, and Abha airport…

  • 2 mins

Houthis claim missile strike on Saudi tanker off Yanbu

Yemen's Iran-backed Houthi movement claimed Wednesday that it struck the Saudi oil tanker Wafa with ballistic missiles in the northern Red Sea off the coast of Yanbu, marking the eighth vessel targeted since the group declared a maritime blockade of…