Saudi halts pumping at main pipeline after drone attack

Image
AFP Riyadh
Last Updated : May 14 2019 | 5:16 PM IST

OPEC kingpin Saudi Arabia said it had stopped pumping crude oil along a major pipeline Tuesday following a drone attack, hours after Yemen's Huthi rebels said they had targeted vital Saudi installations.

Energy Minister Khalid al-Falih said two pumping stations on the pipeline from the oil-rich Eastern Province to the Red Sea had been targeted early Tuesday.

The vital pipeline has a capacity of at least five million barrels per day.

"Saudi Aramco took precautionary measures and temporarily stopped operation of the pipeline, as it is evaluating the situation and working on restoring the operations of the affected pump station and the pipeline," Falih said in a statement cited by state news agency SPA.

The 1,200-kilometre pipeline carries crude from Saudi Arabia's main eastern oil fields to the Red Sea port city of Yanbu in the west.

It was created several decades ago as an alternative for Saudi crude exports if the strategically vital Strait of Hormuz at the mouth of the Gulf were to be closed.

The pumping stations reportedly targeted lie west of the capital Riyadh, at Dawadmi and Afeef.

Yemen's Huthi rebels said Tuesday they had attacked several vital Saudi targets with drones.

The reported pipeline attacks came amid spiralling tensions in the Gulf, following a series of mysterious attacks on ships off the coast of the UAE and a major US military deployment to the region.

Falih condemned the attacks.

"The latest acts of terrorism and sabotage in the Arabian Gulf... not only target the Kingdom but also the security of oil supplies to the world and the global economy," he said.

"These attacks prove again that it is important for us to face terrorist entities, including the Houthi militias in Yemen that are backed by Iran.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 14 2019 | 5:16 PM IST

Next Story