Saudi king confirms ability to deal with oil attacks
Saudi King Salman bin Abdulaziz stressed Tuesday his country’s ability to handle the effects of “cowardly” attacks, which targeted two oil facilities of state-owned Aramco oil company.
His remarks, in which he expressed his appreciation for the international condemnations, came during a Cabinet meeting on the drone attacks Saturday.
These attacks “didn’t only target vital installations of the kingdom, but also target global oil supplies and threaten the stability of the global economy,” he said.
Saudi Arabia temporarily cut oil production from the two oil facilities, which corresponds to nearly 2 million barrels per day.
The US accused Iran of directing the attacks while Saudi Arabia awaits the results of the investigation.
Since 2015, a Saudi-led coalition has been fighting the Iran-backed Houthi rebels in Yemen. Thousands of Yemenis were killed and pushed the country to the brink of famine.
Houthis, whose mid and long-range ballistic missiles are usually intercepted by Saudi air defense systems, have recently been used to target certain strategic parts of Saudi Arabia with armed drones.
Several countries around the world condemned the attack including the US, the UK, and Turkey.
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Gov’t ‘monitoring’ oil supply after Saudi oil attacks
The government is monitoring its oil supply from the Middle East in the wake of drone attacks on Saudi Arabia’s oil facilities over the weekend, a finance official said Wednesday.Finance Undersecretary Karl Chua, however, said he is relying on Saudi Arabia’s promise that its… Read More
