Attacks on oil facilities in Kingdom threaten world economy: Saudi energy minister

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Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. (REUTERS)
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Prince Abdulaziz bin Salman said production had been temporarily interrupted. (AP)
Updated 16 September 2019
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Attacks on oil facilities in Kingdom threaten world economy: Saudi energy minister

  • Saudi Aramco says no staff have been injured in attacks
  • The oil giant is working on restoring the lost quantities

RIYADH: Saudi Arabia’s energy minister said drones that attacked Saudi Aramco installations had caused an interruption of an estimated 5.7 million barrels in crude supplies and threatened the world economy.

The Arab Coalition spokesman Col. Turki Al-Maliki said in a statement that investigations are ongoing to identify the perpetrators.

And Al-Maliki said Arab coalition forces would continue to implement necessary measures to deal with terrorist threats.

Prince Abdulaziz bin Salman said as a result of the terrorist acts, oil production in Abqaiq and Khurais was knocked out temporarily and that estimates show that 50 percent of the company’s production had been interrupted.

Part of the decrease will be compensated to clients through reserves, Prince Abdulaziz said in a statement carried on the Saudi Press Agency.

 

 

The newly appointed minister confirmed there were no injuries to staff at the locations targeted, adding that the company is still assessing the resulting damage.

The attacks not only target the Kingdom’s vital installations, but also target the international oil supply and threaten its security, he said, and are a threat to the world economy. 

The blasts took place at 3:31am and 3:42am at the two locations, both in the Eastern Province of Saudi Arabia, causing fires that were brought under control by emergency services.

The drone attacks, at the world’s largest oil processing plant at Abqaiq and at an oilfield in Khurais, highlight the importance of the international community to protect energy supply against “all terrorist sides that carry out, support and finance such cowardly disruptive acts,” the statement said.

He said that these blasts also knocked out the production of 2bn cubic feet of associated gas daily, used to produce 700,000 barrels of natural gas liquids, which will lead to an approximate 50 percent decrease of Ethane and natural gas liquids supply.

The statement said the company is currently working on restoring the lost quantities, and will present updated information within the next 48 hours.

World leaders condemned the attacks on Saudi Arabia on Saturday and those behind the terrorist acts. 

Donald Trump called Crown Prince Mohammed bin Salman to reassert his country's “readiness to cooperate with the Kingdom, by all means conducive to maintain its security and stability.”

The Crown Prince "underscored the Kingdom’s willingness and strength to thwart such a terrorist aggression and deal with its consequences,” SPA reported on Saturday.

The UAE said it “condemns this act of terrorism and sabotage and considers it as a new evidence of the terrorist groups’ attempts to undermine the security and stability of the region as a whole.”

“The Houthis must stop undermining Saudi Arabia’s security by threatening civilian areas and commercial infrastructure,” said the British government.

“The US strongly condemns today’s drone attacks. These attacks against critical infrastructure endanger civilians, are unacceptable, and sooner or later will result in innocent lives being lost,” said the US envoy in Riyadh John Abizaid.

US Secretary of State Mike Pompeo was emphatic about the need to condemn Iranian aggression, specifically on Saudi Arabia, and the need to ensure the security of world energy supplies.

“Tehran is behind nearly 100 attacks on Saudi Arabia while Rouhani and Zarif pretend to engage in diplomacy. Amid all the calls for de-escalation, Iran has now launched an unprecedented attack on the world’s energy supply. There is no evidence the attacks came from Yemen,” he tweeted, “We call on all nations to publicly and unequivocally condemn Iran’s attacks. The United States will work with our partners and allies to ensure that energy markets remain well supplied and Iran is held accountable for its aggression."

The Council of Ministers of Lebanon have also condemned the targeting of Saudi’s Aramco facilities.

The Houthis, who are backed by Iran, said they had carried out the attacks and that 10 drones had been used. 


Saudi Environment Ministry honors first female veterinary graduates

The Kingdom’s first female veterinary graduates were honored in a ceremony on Saturday. (SPA)
Updated 5 sec ago
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Saudi Environment Ministry honors first female veterinary graduates

  • The women honored were from King Faisal University
  • Event showcased the ministry’s commitment to supporting and empowering women and would help to create new job opportunities for them

RIYADH: The Ministry of Environment, Water and Agriculture in Al-Ahsa on Saturday honored the Kingdom’s first female veterinary graduates.

The event, held on World Veterinary Day, was staged in cooperation with the National Center for the Prevention and Control of Plant Pests and Animal Diseases and attended by officials and stakeholders from the veterinary field, the Saudi Press Agency reported.

The women honored were from King Faisal University.

The report said the event showcased the ministry’s commitment to supporting and empowering women and would help to create new job opportunities for them.

Vets play a vital role in public health as the first line of defense against diseases that affect both humans and animals. Their contributions include diagnosing and preventing the spread of disease and providing care.

The ministry said the national center supported vets in fulfilling that role by providing resources and mechanisms.

The center is also committed to creating an environment that fosters the growth of veterinary work and promotes sustainable development in the agricultural sector.


Saudi FM leads Gaza committee urging sanctions on Israel

Updated 28 April 2024
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Saudi FM leads Gaza committee urging sanctions on Israel

  • Ministers also addressed the repression faced by peaceful demonstrators in Western nations who advocate for an end to the conflict in Gaza

RIYADH: Ministers gathering in Riyadh to discuss the Israeli war on the Gaza Strip stressed the urgent need for imposing sanctions on Israel, the Saudi Press Agency reported Sunday.

Chaired by Saudi Foreign Minister Faisal bin Farhan, the meeting comprising dignitaries from a group formed jointly by the Organization of Islamic Cooperation (OIC) and Arab League convened to address developments in Gaza.

The ministers called for international legal mechanisms to hold Israeli officials accountable, alongside decisive action against settler terrorism. 

The officials from Jordan, Egypt, Turkey, Palestine, Qatar and the OIC advocated for halting arms exports in response to Israel's violations of international law and war crimes in Gaza and the occupied West Bank. 

It was strongly asserted during the meeting that the Gaza Strip constitutes an inseparable part of the occupied Palestinian territory, rejecting any attempts to displace the Palestinian population from their homeland or to carry out military operations within the city of Rafah.

Ministers also addressed the repression faced by peaceful demonstrators in Western nations who advocate for an end to the conflict in Gaza and condemn Israeli violations against Palestinians.

The meeting also focused on enhancing joint Arab and Islamic efforts to achieve an immediate cessation of hostilities in Gaza, with a priority on safeguarding civilian lives and ensuring the consistent delivery of humanitarian aid. 

There was a commitment to persist in international endeavors aimed at recognizing an independent Palestinian state. This included the endorsement of a two-state solution, with East Jerusalem as its capital within the borders of June 4, 1967, in alignment with relevant international resolutions.

 


Saudi deputy minister attends 50th Arab Labor Conference

Updated 28 April 2024
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Saudi deputy minister attends 50th Arab Labor Conference

RIYADH: Saudi Deputy Minister of Human Resources and Social Development for Labor, Abdullah bin Nasser Abu Thanin, led the Saudi delegation at the 50th session of the Arab Labor Conference, being held from April 27 to May 4 in Baghdad.

Labor ministers, heads and members of delegations from employers’ organizations, and labor unions from 21 Arab countries, along with representatives from the Arab League and other Arab and international organizations, are attending the conference.

The opening session of the conference included the Iraqi Prime Minister, Mohammed Shia Al-Sudani; Arab League Secretary-General, Ahmed Aboul Gheit; and Director General of the International Labor Organization, Gilbert Houngbo.

During the plenary session of the conference, Abu Thanin delivered a speech in which he emphasized the importance of early qualification and training to meet the labor market’s needs, highlighting technical, personal, and social skills as well as modern work patterns.

Abu Thanin also highlighted the Kingdom’s significant commitment to investing in and developing human resources through the Vision 2030 programs and labor market strategy, along with its various initiatives.

He also pointed out the ministry’s initiative in holding the Global Labor Market Conference in partnership with the International Labor Organization and the World Bank, with the participation of a group of international experts and specialists with the aim of setting plans for future changes in the labor market.

The conference participants are expected to discuss several issues and reports, including the arrangement and coordination of Arab participation in the activities of the upcoming International Labor Conference organized by the International Labor Organization, scheduled to be held in Geneva.

The Arab Labor Organization is one of the organizations of the Arab League, established in 1965. It is considered the first specialized Arab organization concerned with labor and workers’ affairs at the level of the Arab world.


Saudi project clears 797 Houthi mines in Yemen

Updated 28 April 2024
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Saudi project clears 797 Houthi mines in Yemen

RIYADH: Saudi Arabia’s Project Masam cleared 797 mines in Yemen — which had been planted by the Houthi militia — between April 20 to 26, according to a recent report.

Overseen by the Kingdom’s aid agency KSrelief, the project’s special teams destroyed 681 pieces of unexploded ordnance, 110 anti-tank mines, five improvised explosive devices, and one anti-personnel mine.

The explosives, which were planted indiscriminately by the Houthis across Yemen, posed a threat to civilians, including children, women and the elderly.

Project Masam is one of several initiatives undertaken by Saudi Arabia at the request of King Salman, which has cleared routes for humanitarian aid to reach the country’s citizens.

The demining operations took place in Marib, Aden, Jouf, Shabwa, Taiz, Hodeidah, Lahij, Sanaa, Al-Bayda, Al-Dhale and Saada.

A total of 438,413 mines have been cleared since the start of the initiative in 2018, according to Ousama Al-Gosaibi, the project’s managing director.

These include 279,683 items of unexploded ordnance, 144,211 anti-tank mines, 8,023 improvised explosive devices, and 6,496 anti-personnel mines.

The initiative trains local demining engineers and provides them with modern equipment. It also offers support to Yemenis injured by the devices.

About 5 million people have been forced to flee their homes since the beginning of the conflict in Yemen, many of them displaced by the presence of land mines.

Masam teams are tasked with clearing villages, roads and schools to facilitate the safe movement of civilians and the delivery of humanitarian aid.

The project’s contract was extended for another year in June 2023 at a cost of $33.29 million.


Conflict is greatest threat to global economy, Saudi finance minister warns

Updated 28 April 2024
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Conflict is greatest threat to global economy, Saudi finance minister warns

  • Mohammed Al-Jadaan: Wars in Gaza, Ukraine ‘put a lot of pressure on economic emotion’
  • Saudi Arabia’s ‘specific objective’ is to deescalate regional tensions, he tells World Economic Forum panel

RIYADH: Geopolitical threats such as the conflicts in Gaza and Ukraine pose the greatest risk to the global economy, Saudi Arabia’s finance minister has said.

Speaking in a panel discussion during the special two-day World Economic Forum meeting in Riyadh, Mohammed Al-Jadaan warned that the knock-on effects of conflict are “directly impacting economies.”

He said: “Geopolitical threats, which unfortunately are increasing instead of decreasing, are possibly the number one risk today if you look at the global economy at large. Geopolitical tensions bring other things that are directly impacting economies.”

Conflicts in Gaza, Ukraine and elsewhere “put a lot of pressure on economic emotion,” he added, describing economies as being “impacted by sentiments.”

Al-Jadaan said: “It is very unfortunate to see loss of lives. Civilian lives are important whether in Ukraine, or in Palestine.

“Cool-headed countries and leaders need to prevail; you need to make sure you deescalate.”

The Kingdom has exerted significant efforts in recent years to deescalate tensions in the Middle East, he added, describing the strategy as a “specific objective” of Saudi Arabia.

“The region needs to focus on its people, its growth and its economy, rather than focus on politics and conflict.”

The conflict in Gaza, which began following the Hamas-led assault on southern Israel on Oct. 7 last year, has resulted in the deaths of almost 35,000 Palestinians, mostly women and children.

Palestinian President Mahmoud Abbas, who took part in a separate panel at the meeting, said that “110,000 people have been killed or wounded in Gaza since Oct. 7 ” and that “75 percent of the territory” in the enclave has been destroyed by devastating Israeli military action.

“What happened in Gaza has not happened in Germany and other European countries during the Second World War,” he said, adding: “The fighting in Gaza must stop immediately and we warn against any plans for displacement.”

The Saudi finance minister warned that “geopolitical maneuvering,” including “fragmentation, protectionism and using the economy as a serious tool to achieve objectives in terms of limitations on trade and technology” could have adverse effects on global economic health.

“Policymakers need to be agile in dealing with these,” Al-Jadaan said.

Kristalina Georgieva, the managing director of the International Monetary Fund, described fragmentation in the world economy as “certainly bad for the prospect of growth.”

In the meeting’s opening panel, she said: “The immediate priorities for countries are to get inflation rates within targets; focus on rebuilding fiscal buffers and find ways to cooperate more.

In his comments to the panel, Al-Jadaan said: “In economic planning, it is OK to change … to adjust on new circumstances. And that to me is the advice I would give to everyone. You need a long-term plan, like Saudi Vision 2030, and doubling down on the implementation, but also you need to make sure you adjust.

“In the longer term, regardless of what is happening today, you need to focus on your own people, your human capital. This is the longer term play that is critical.

“I can say this: Saudi Arabia and the region has the means to do it, but there are a lot of countries who will find it difficult to provide quality education and quality healthcare for their people,” he said.

About 1,000 officials, experts and thought leaders from 92 countries are in Riyadh for the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy for Development.

The event aims to “promote forward-thinking approaches to interconnected crises, while remaining realistic about shorter-term trade-offs” and “work to bridge the growing North-South divide on issues such as emerging economic policies, the energy transition and geopolitical shocks.”