Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus pandemic crisis undercuts global demand.
There is no convincing evidence in a UN report on Iran's alleged involvement in the attack on Saudi oil fields, a Russian Foreign Ministry spokeswoman said on Wednesday.
Foreign Minister Mohammad Javad Zarif said on Saturday rejected a UN report that said cruise missiles and drones used in attacks on Aramco oil facilities and an airport in Saudi Arabia last year were of “Iranian origin”.
The Foreign Ministry of Iran dismissed allegations made by the UN Secretariat that the missiles used in attacks on Saudi Aramco last year were of Iranian origin.
TEHRAN (Iran News) – Saudi Arabia is quietly trying to mend fences with Iran and other regional rivals as officials in the kingdom have grown more worried about the risks conflict poses to its oil-dependent economy. Riyadh’s newfound interest in better relations with regional rivals comes as Saudi officials question how much backing it has […]
TEHRAN (Iran News) – United Nations Secretary-General Antonio Guterres says the world body’s investigators are “unable to independently corroborate” the US and Saudi claims that Iran had a role behind the kingdom’s Aramco oil facilities going through attack in September. The United Nations is “unable to independently corroborate” that Iran had a role in missiles […]
The Saudi government plans to sell 2% of state oil giant Aramco in a domestic listing on December 11, but restrictions on future share sales mean an international IPO is ruled out for at least a year.
TEHRAN (Iran News) – Saudi Crown Prince Mohammed bin Salman finally gave the go-ahead for the initial public offering of Aramco. The crown prince made the decision of Aramco IPO at a meeting he chaired on Friday and an official announcement is likely as soon as Sunday, according to people familiar with the matter, who […]
Before shooting down of the U.S. drone by Iran and setting Aramco oil facilities on fire by Yemeni forces, the U.S. used to beat the drum of war, and these belligerent propagations but void and bluffing ones motivated Saudi Arabia
Saudi Arabia’s Aramco Refinery is in Abquaiq region and it is huge oil-processing facilities, located in the desert 60 km southwest of the Dhahran-Dammam-Khobar metropolitan area and it is considered as the biggest crude oil refinery in the world.