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The Latest Breaking News from Aramco

Saudi Aramco overtakes Apple as world’s most valuable company

Soaring commodity prices swell oil giant’s profits as tech stock slide pegs back iPhone maker

The Guardian - UK

Saudi Arabia Cuts Oil Prices to Asia by More than 50%

Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine war drags on. Aramco is expected to cut the official selling price (OSP) for flagship Arab Light crude to Asia in June by more than…

Asharq Al-Awsat

Saudi Dussur Signs 4 Joint Ventures, Global Acquisition Deal

The Saudi Arabian Industrial Investments (Dussur) announced the signing of five new shareholders' agreements, including four joint ventures and one global acquisition deal. Dussur, owned by PIF, Aramco, and SABIC, signed the agreement at a special event attended by Minister of Energy and Investment Prince Abdulaziz bin Salman, Minister of…

Asharq Al-Awsat

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US Imposes Sanctions on Key Actors in Iran’s Ballistic Missile Program

The United States on Wednesday imposed sanctions on an Iran-based man and his network of companies it accused of helping Tehran obtain materials for its ballistic missile program, acting after missile attacks by suspected Iranian-backed proxies on countries in the region. In a statement issued as talks on reviving the…

Asharq Al-Awsat

Saudi Entities Coordinate to Facilitate Issuing 'Entrepreneurship' Licenses in the Kingdom

Saudi Minister of Investment Khalid al-Falih announced that visiting Saudi Arabia in 2030 will be an opportunity for work, stability, investment, and future building. Falih indicated that the economic development in the Kingdom would lead to the development of the entire region, noting that Ministries of Investment and Commerce are…

Asharq Al-Awsat

Saudi-led coalition strikes Yemen after Aramco depot attack

A Saudi-led coalition fighting Houthi rebels in Yemen launched airstrikes against sites in the southern Arabian country in response to multiple attacks Friday, including one that caused a fire at an Aramco fuel depot in Jeddah.

Tribune News Service

Inside F1 drivers meeting as Lewis Hamilton and three others led Saudi Arabia GP debate

Formula 1 bosses, team principals and drivers discussed whether or not to race in the Saudi Arabian Grand Prix this weekend after a missile attack nearby to the street circuit

Daily Mirror

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F1 teams say drivers still "concerned" over Saudi GP safety

Formula 1 teams have revealed that drivers remain “concerned” over the Saudi Arabian Grand Prix following the Friday attack on the nearby Aramco facility.

Motorsport

Drivers still "concerned" over Saudi Arabian GP safety, say F1 teams

Formula 1 teams have revealed that drivers remain “concerned” over the Saudi Arabian Grand Prix following the Friday attack on the nearby Aramco facility.

Autosport

US Condemns 'Reckless' Houthi Terrorist Attacks on Saudi Arabia

The United States strongly condemned on Friday the Iran-backed Houthi militias' attacks on Saudi Arabia. "We strongly condemn this week’s multiple Houthi terrorist attacks on Saudi Arabia, including today’s that struck an Aramco facility in Jeddah, which is clearly civilian infrastructure," said the State Department. "At a time when the parties should be focused on de-escalation and bringing needed…

Asharq Al-Awsat

Saudi fuel depot is hit as drone attacks escalate

DUBAI, United Arab Emirates — An oil storage facility in Saudi Arabia was hit by a barrage of drone attacks on Friday, in a marked escalation of tensions in one of the world’s most important regions for oil shipments.

Tribune News Service

Saudi Arabian Grand Prix to go ahead despite ‘missile attack’ on nearby fuel plant

World champion Max Verstappen reported to his Red Bull team over the radio that he could detect the smoke

Evening Standard

Formula 1 makes decision on Saudi Arabian GP after 'missile strike' in Jeddah

F1 chief Stefano Domenicali declared that he "feels safe" as race bosses were bullish about continuing as planned in Jeddah this weekend

Daily Mirror

F1 tells drivers Saudi GP will go ahead despite nearby attack

Formula 1 chiefs have made clear to teams and drivers that the Saudi Arabian Grand Prix will proceed as planned despite an attack on a nearby oil facility.

Motorsport

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Tribune News Service

Saudi oil depot hit as kingdom thwarts drone strikes

DUBAI, UAE — An oil storage facility in Saudi Arabia was hit in a barrage of drone attacks on the kingdom on Friday, the latest flare-up in one of the world’s most important regions for oil shipments.

Autosport

F1 tells drivers Saudi Arabian GP will go ahead despite nearby attack

Formula 1 chiefs have made clear to teams and drivers that the Saudi Arabian Grand Prix will proceed as planned despite an attack on a nearby oil facility.

Al Jazeera

Saudi Aramco’s Jeddah oil depot hit by Houthi attack

Saudi Arabia announces ‘military operation’ in Yemen following series of drone and rocket attacks on the kingdom.

Motorsport

Second Jeddah F1 practice delayed after emergency meeting

Formula 1 delayed the start of second practice for the Saudi Arabian Grand Prix on Friday amid the fallout of an attack on an oil facility near the Jeddah circuit.

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Autosport

Second Jeddah F1 practice delayed after meeting about oil facility attack

Formula 1 has delayed the start of second practice for the Saudi Arabian Grand Prix amid the fallout of an attack on an oil facility near the Jeddah circuit.

Reuters

Saudi Aramco storage facility targeted by Houthi attack causing fire

Yemen's Houthis said they launched attacks on Saudi energy facilities on Friday and the Saudi-led coalition said oil giant Aramco's petroleum products distribution station in Jeddah was hit, causing a fire in two tanks but no casualties.

Autosport

F1 awaiting information on oil refinery explosion in Jeddah

Formula 1 is awaiting information from Saudi Arabian authorities on the cause of an explosion at an oil refinery near the Jeddah track on Friday.

Motorsport

F1 awaiting information on oil refinery attacks in Jeddah

Formula 1 is awaiting information from Saudi Arabian authorities on the cause of an explosion at an oil refinery near the Jeddah track on Friday.

Daily Mirror

Saudi Arabian GP under threat as 'missile strike' causes huge explosion near F1 track

An explosion has taken place at an Aramco petroleum facility in Jeddah, close to the track where the second race of the F1 season will take place this weekend

Reuters

Huge plume of black smoke seen rising in the Red Sea city of Jeddah - witnesses

A huge plume of black smoke was seen rising in the Saudi Arabian Red Sea city of Jeddah, where oil giant Aramco has several oil facilities, witnesses said on Friday.

Asharq Al-Awsat

South Sudan Invites Saudi Arabia to Explore 23 New Oil Fields

Managing Director of Nile Petroleum Corp (NilePet) Chol Deng Thon Abel urged Saudi companies in general and oil giant Aramco to invest in South Sudan.

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