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SA

Saudi Aramco

State oil company

Appears in 4 stories

Stories

Brent crude nears $100 as Strait of Hormuz shipping halves

Force in Play

Jazan refinery and southern facilities attacked by Houthi strikes

Brent crude crossed $100 on September 9 for the first time since July, after Iran attacked 10 ships near the Strait of Hormuz and the US destroyed five Iranian tankers. Prices retreated below $100 by September 21 as Trump signaled openness to talks and satellite data showed Saudi oil flows through the strait recovering to 2.9 million barrels a day, up from 700,000 in August.

Updated 5 days ago

Houthis strike Saudi Aramco's Jazan refinery, reopening a front held quiet since 2022

Force in Play

Jazan refinery offline since late July; East-West pipeline shut since Sept 10; Yanbu oil and refined product exports halted

Air raid alerts sounded in Riyadh on September 19 for the first time in this escalation, and explosions were reported before the all-clear. Houthi forces now hold Mokha, Perim island, Dhubab and the Hanish islands on the Red Sea coast.

Updated 7 days ago

Iraq seizes drone-launching platform tied to Saudi pipeline attack

Force in Play

Operates the pipeline; shut it as a precaution

Iraqi security forces say they seized a drone-launching platform inside Iraq used in the attack that shut Saudi Arabia's East-West oil pipeline. The line carries about 4-5% of global oil supply and is Saudi Arabia's main alternative to the Strait of Hormuz, which has been closed since March.

Updated Sep 13

Saudi Arabia doubles its industrial coast at Jubail

Built World

Feedstock supplier and downstream partner at Jubail

On Christmas Day 2004, Crown Prince Abdullah bin Abdulaziz pressed a foundation stone into sand on Saudi Arabia's eastern coast. The stone marked the start of Jubail II—a roughly $80 billion expansion adding 6,200 hectares of plants, pipelines, and housing, effectively doubling what was already among the largest civil-engineering projects ever attempted.

Updated May 31