Saudi Arabia picks up the pieces
Saudi Arabia faces a variety of challenges emanating from the attacks on its oil installations
The kingdom remains in a state of shock. The unprecedented drone and missile attacks on the Abqaiq and Khurais oil facilities in the early hours of 14 September, which halted about half of the country’s oil output, arguably represent a pivotal moment for the country. “Saudi Arabia today is not the place it was before the attacks,” says an economist in Riyadh, who asks not to be named. “Suddenly we feel vulnerable.” Saudi Arabia has three immediate goals: to replace the damaged oil installations and restore output capacity to its previous level; to beef up its defences to prevent another attack; and to assess the damage to the kingdom’s reputation in the context of the planned Saudi Aramco in
Also in this section
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!