April 16, 2021


Popular News

Saudi Arabia to take action to ‘protect oil facilities’


Saudi Arabia will take action to deter attacks on its oil facilities, its foreign minister said on Wednesday, following an attack on the heart of the industry this week by Yemen’s Iran-aligned Houthi movement.

Prince Faisal bin Farhan Al Saud, speaking at a news conference with Russian counterpart Sergei Lavrov, also said Riyadh would continue to cooperate with Moscow in the Opec+ framework to ensure oil prices that are fair for producers and consumers.

Oil prices spiked briefly following Sunday’s missile and drone assault on the kingdom, including on an oil storage yard at Ras Tanura, site of a refinery and the world’s biggest offshore oil-loading facility.

Saudi authorities said they foiled the attack with no casualties or serious damage.

“The kingdom will take the necessary deterrent measures to protect its national capabilities,” the prince said.

Read More : https://tribune.com.pk/story/2288643/saudi-arabia-to-take-action-to-protect-oil-facilities