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Saudi Aramco Pumping Stations Targeted in Yemeni Drone Attack

Published 05/14/2019, 07:03 AM
Updated 05/14/2019, 07:10 AM
© Bloomberg. An employee inspects pipes used for landing and unloading crude and refined oil at the North Pier Terminal, operated by Saudi Aramco, in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.

(Bloomberg) -- Saudi Arabia said Tuesday that unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the state oil company to suspend some operations in the area to assess the damage. Oil prices rose.

The stations are linked to a pipeline transporting oil from fields in the eastern sector to the port of Yanbu on the western coast, state-run Saudi Press Agency reported, citing the Energy Ministry. Saudi oil exports are continuing as normal, SPA said.

The attack comes amid rising tensions in the Gulf as the U.S. increases pressure on Iran. On Monday, Saudi Arabia said two of its oil tankers were among several vessels attacked while sailing toward the Strait of Hormuz, the world’s most important chokepoint for oil shipments.

Neither Saudi Arabia nor the U.A.E. said exactly what happened to the tankers or identified potential culprits. The manager of one of the tankers hit said, however, that the vessel had got a hole in its hull after being struck by an unknown object off the coast of the United Arab Emirates.

Saudi Arabia Says Oil Tankers Attacked as Iranian Tensions Rise

“These attacks prove again that it is important for us to face terrorist entities, including the Houthi militias in Yemen that are backed by Iran,” SPA said.

Iranian-backed Houthi rebels in neighboring Yemen said earlier in the day that they had targeted key Saudi installations using seven drones, according to the rebel-controlled Saba news agency.

(Updates with oil price, quote, context throughout.)

© Bloomberg. An employee inspects pipes used for landing and unloading crude and refined oil at the North Pier Terminal, operated by Saudi Aramco, in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification.

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