Saudi Oil Industry Under Withering Attack, Aramco IPO in Serious Jeopardy

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Drone strikes target world’s largest oil processing facility, Saudi oil field; attack claimed by Iranian-backed rebels

By Lucia I. Suarez Sang | Fox News

The world’s largest oil processing facility and a nearby oil field in Saudi Arabia were set ablaze early Saturday morning after reported drone attacks by Iranian-backed Yemeni rebels.

The Interior Ministry was quoted by state-run media as saying the fires at the Abqaiq oil processing facility in Buqyaq and the nearby Khurais oil field operated by Saudi Aramco were “targeted by drones.”

It wasn’t immediately clear if there were any injuries, nor what effect it would have on oil production in the kingdom.

Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019.
Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. (Reuters)

Houthi rebels – who are backed by Iran in a yearslong Saudi-led war against them in Yemen – have reportedly claimed responsibility for the attacks and vowed that further attacks could be expected in the future.

The military spokesman Yahia Sarie said in a short address aired by Houthi’s Al-Masirah satellite news channel that the group launched 10 drones in a coordinated attack on the sites.

“The only option for the Saudi government is to stop attacking us,” he added.

State television showed footage showing smoke from the blazes clearly rising behind a correspondent.

This Saturday, Sept. 14, 2019, satellite image provided by NASA Worldview shows fires following Yemen's Houthi rebels claiming a drone attack on two major oil installations in eastern Saudi Arabia.
This Saturday, Sept. 14, 2019, satellite image provided by NASA Worldview shows fires following Yemen’s Houthi rebels claiming a drone attack on two major oil installations in eastern Saudi Arabia. (NASA Worldview via AP)

The smoke could be seen from space.

Saudi officials have not commented on who they think is behind the attacks. Saudi Aramco did not immediately respond to questions from the AP.

The oil facility processes sour crude oil into sweet crude, then later transports onto transshipment points on the Persian Gulf and the Red Sea. Estimates suggest it can process up to 7 million barrels of crude oil a day.

The Khurais oil field is believed to produce over 1 million barrels of crude oil a day. It has estimated reserves of over 20 billion barrels of oil, according to Aramco.

The plant has been targeted in the past by militants. Al Qaeda claimed suicide bombers tried but failed to attack the oil complex in February 2006.

The Saudi-led coalition has been battling the rebels since March 2015. The Iranian-backed Houthis hold Yemen’s capital, Sanaa, and other territory in the Arab world’s poorest country.

The war has become the world’s worst humanitarian crisis. The violence has pushed Yemen to the brink of famine and killed more than 90,000 people since 2015, according to the U.S.-based Armed Conflict Location & Event Data Project, or ACLED, which tracks the conflict.

The Associated Press contributed to this report.

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