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Saudi Aramco battles to soothe market jitters after drone attack | The Malaysian Insight

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Saudi Aramco battles to soothe market jitters after drone attack

A photo made available by Nasa Worldview showing satellite imagery of smoke from fires at two major oil installations in eastern Saudi Arabia yesterday. – EPA pic, September 15, 2019.

SAUDI energy giant Aramco is battling to reassure markets after devastating attacks on two oil plants, where a prolonged shutdown risks roiling investor confidence ahead of the state-owned giant’s mega stock listing, analysts say. A wave of drones struck Abqaiq – the world’s largest oil processing facility – and the Khurais oil field in eastern Saudi Arabia, knocking out nearly half of the kingdom’s crude production and exposing the vulnerability of its energy infrastructure.

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