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Saudi Arabia: Impact on oil market and local industry

The attack on the Abqaiq facility could scarsely have chosen a more important target: the 7m b/d plant is Saudi Arabian Oil Company’s largest oil processing facility; it processed about half of Aramco’s crude oil production in 2018. It primarily...

IMF highlights risks for Saudi economy

The International Monetary Fund had some pointed – and diplomatically worded – advice for the kingdom in its latest Article IV review of the economy, released on 9 September. The Washington-based IMF said that non-oil growth was expected to...

Hassa Bint Salman: Suspended sentence in Paris

Princess Hassa Bint Salman has been given a ten-month suspended sentence by a French court, after being convicted in absentia for her role in an assault on Ashraf Eid, who had been carrying out repair work at her Paris apartment in 2016. She was...

Jeddah Summit: Qataris make rare foray into Saudi Arabia

Qatari officials made a rare visit to Saudi Arabia in mid-September to take part in the Organisation of Islamic Cooperation (OIC) extraordinary meeting, called by Riyadh to discuss comments by Israeli Prime Minister Benjamin Netanyahu that he...

Saudi Arabia: Royal decree limits foreign consultancy firms

Government ministries and entities will in future be required to certify that consultancy services cannot be supplied by Saudi providers before signing contracts with foreign firms, according to a royal decree published on 7 September.In 2018,...

ABS brings huge experience, and royal family, into the top oil job

The appointment of Prince Abdelaziz Bin Salman (ABS) to replace Khalid Al-Falih brings to the Ministry of Energy one of its most seasoned officials in the top job he was never expected to get. Very well-liked by the specialist energy press as one...

Abqaiq attack raises more awkward questions about regional alliances and balance of power

The massive attack launched on the critical Saudi Aramco oil processing facilities at Khurais and Abqaiq early on 14 September was not just another drone strike by the Houthis – as the Yemeni movement claimed – but in all likelihood was launched...

Bandar Bin Sultan: Transcript of 9/11 interview emerges

A previously classified summary of an interview between then Saudi ambassador to Washington Prince Bandar Bin Sultan (father of current ambassador to the US Princess Reema Bint Bandar) and the National Commission on Terrorist Attacks Upon the...

Tamim Bin Hamad: African visitors

Emir Sheikh Tamim Bin Hamad Al-Thani hosted Angola’s President João Manuel Lourenço on 8 September, throwing a lunch banquet and witnessing the signing of a number of agreements and memorandums of understanding covering maritime transport, port...

Oman plans strategic oil storage facility at Duqm

State-owned Oman Oil and Orpic Group – created earlier this year through a merger of two bodies – has signed a memorandum of understanding with South Korea’s SK Engineering & Construction (SKEC) to develop a 200m barrel oil storage facility...


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