World media shown damage at sites of Aramco attack

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Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14. (SPA)
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Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14. (SPA)
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Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14. (SPA)
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Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14. (SPA)
Updated 20 September 2019

World media shown damage at sites of Aramco attack

  • Aramco is shipping equipment from the US and Europe to rebuild the damaged facilities
  • Al-Jubeir said attacks were an “extension of the Iranian regime’s hostile and outlawed behavior”

RIYADH: Journalists from local and international media organizations on Friday inspected Aramco oil facilities in Khurais and Abqaiq that were hit by attacks on Sept. 14.
At Khurais, cranes had been erected around two burnt-out stabilization columns, which form part of oil-gas separation units, and melted pipes.
“We are confident we are going back to the full production we were at before the attack (on Khurais) by the end of September,” Fahad Abdulkarim, Aramco’s general manager for the southern area oil operation, told reporters.
“We are working 24/7 ... this is a beehive.”
Aramco is shipping equipment from the US and Europe to rebuild the damaged facilities, Abdulkarim added.
Saudi Minister of State for Foreign Affairs Adel Al-Jubeir said on Thursday the attacks were an “extension of the Iranian regime’s hostile and outlawed behavior.”
Iran has denied involvement in the attack.
Responsibility was claimed by Yemen’s Houthis who are backed by Iran.
(With agencies)


Saudi Arabia and Russia sign up to closer ties with 20 new deals

Representatives greet each other during the Saudi-Russian talks. (Reuters)
Updated 3 min 32 sec ago

Saudi Arabia and Russia sign up to closer ties with 20 new deals

  • Announcement of 20 new agreements made at Saudi-Russian Energy Partnership meeting
  • The agreements cover petroleum and various other fields ranging from energy to tourism

JEDDAH: Saudi Energy Minister Prince Abdul Aziz bin Salman announced on Monday the signing of 20 agreements with Russia during the Saudi-Russian Energy Partnership meeting as part of Russian President Vladimir Putin’s visit to the Kingdom.
During the signing ceremony of the new agreements, which took place in the presence of King Salman and Putin, the energy minister stressed that oil will remain an essential element in the development of the world economy.
The ceremony was also attended by the Saudi Crown Prince Mohammed bin Salman and Russian Foreign Minister Sergei Lavrov.
The 20 agreements covered the fields of petroleum and other energy industries, space and satellite navigation, justice, health services, tax administration, mineral wealth, tourism and aviation, in addition to cultural cooperation and the enhancement of trade relations.
Prince Abdul Aziz said that the two countries have started a new phase of cooperation in many areas of development.
The minister noted the important roles played by Saudi Arabia and Russia in stabilizing the global oil market and said: “The new OPEC + cooperation agreement will enhance cooperation and provide strong support for greater stability in the oil market.
“At the Saudi-Russian Joint Committee, we are working together to harmonize the Kingdom’s Vision 2030 reform plans with its strategic objectives and Russia’s strategic development plans.”
The agreements were signed between relevant government agencies and sovereign wealth funds from both countries. The minister added that state-owned enterprises and the private sector in both countries will make a significant effort in achieving the goals of these agreements.
Financial expert Mohammed Al-Suwayed said that “Russia is an important strategic partner of Saudi Arabia.”
He added that joint efforts between the two countries would help to manage the oil market, “Saudi Arabia is a member of OPEC, and Russia is one of the most important non-OPEC exporters. The alliance between the Kingdom and Russia in the oil market contributes to creating harmony between the oil producers inside or outside OPEC.”
The Russian Direct Investment Fund (RDIF) and the Saudi Agricultural and Livestock Investment Company signed an agreement to join forces in the search of investment projects in the Russian agricultural sector, RDIF said on Monday.
A string of multimillion-dollar investment contracts were also signed in the aerospace, culture, health and advanced technology sectors.
Al-Suwayed said: “The Russian National Wealth Fund is interested in investing in Saudi Arabia. It has recently opened an office in the Kingdom as its first international fund office outside Russia, demonstrating a clear plan to invest in various sectors.”
An official welcoming ceremony was held in honor of Putin on Monday. During his meeting with King Salman, the Russian president said that the meeting was an additional boost to bilateral relations.
King Salman also considered the meeting an important opportunity to reach consensus on various visions and political positions.
Putin suggested that coordination between the two countries was important for the security and stability of the Middle East.
The president’s long-awaited visit will include discussions on further cooperation to stabilize prices on the world hydrocarbon market, as well as on Syria, the Gulf and Yemen.
Other deals regarding the military sector were not discussed and the pending Saudi plans to purchase the Russian S-400 surface-to-air missile systems have not reached a final agreement.