Saudi officials have been swift to emphasize the silver lining of last month’s unprecedented attack on key oil facilities (MEES, 20 September), stating that the speed of recovery highlights Aramco’s resilience. CEO Amin Nasser took it one step further on the sidelines of this week’s Oil & Money conference in London, telling reporters that “the company is worth more now.”
Mr Nasser’s remarkable assessment comes because “we have been tested not once, [but] three times” in recent months. The other two incidents being the 14 May attack on two pumping stations on the 5mn b/d East West pipeline transporting crude oil to refineries and export terminals at Yanbu (MEES, 17 May), and the 17 August attack on the 1mn b/d Shaybah field (MEES, 23 August). (CONTINUED - 724 WORDS)
