Saudi Arabia picks up the pieces
Saudi Arabia faces a variety of challenges emanating from the attacks on its oil installations
The kingdom remains in a state of shock. The unprecedented drone and missile attacks on the Abqaiq and Khurais oil facilities in the early hours of 14 September, which halted about half of the country’s oil output, arguably represent a pivotal moment for the country. “Saudi Arabia today is not the place it was before the attacks,” says an economist in Riyadh, who asks not to be named. “Suddenly we feel vulnerable.” Saudi Arabia has three immediate goals: to replace the damaged oil installations and restore output capacity to its previous level; to beef up its defences to prevent another attack; and to assess the damage to the kingdom’s reputation in the context of the planned Saudi Aramco in
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region