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OIL AND GAS
Armed drones attack oil pumping stations in Saudi Arabia
by Nicholas Sakelaris
Washington DC (UPI) May 15, 2019

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For the second day in a row Tuesday, attackers targeted equipment of Saudi Arabia's oil infrastructure - this time oil pumping stations for a major oil pipeline.

Armed drones attacked the stations for an east-west pipeline that carries oil from the Eastern Province to the port of Yanbu on the Saudi west coast. The attack sparked a fire at one of the stations, Riyadh's state-run news agency reported.

"As a precautionary measure, the company temporarily shut down the pipeline, and contained the fire which caused minor damage to pumping station 8," Saudi Aramco officials said, adding that the strikes did not impact oil and gas supplies.

The Saudi government condemned the drone attack, which came one day after it said two oil tankers were attacked off the coast of the United Arab Emirates. Saudi officials said the tankers were sabotaged. Al Jazeera reported Tuesday that U.S. military officials are investigating that attack.

Some authorities have implicated Iran in the attacks, which occurred at a time of heightened tensions between Tehran and the United States over new U.S. sanctions.

"Recent attacks in the Gulf and Saudi Arabia are aimed at the world and not just [Saudi Arabia]," Saudi energy minister Khalid Al-Falih said. "This attack proves, yet again, the importance that all sides stand against such destructive terror attacks."

Iranian officials said last week OPEC is "likely to collapse" because other countries are working against Tehran's interests.

Crude oil prices rose early Tuesday, with WTI crude up 65 cents and Brent crude up 91 cents.

Source: United Press International


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OIL AND GAS
Turkey starts naval exercise amid Cyprus gas dispute
Ankara (AFP) May 13, 2019
Turkey's military launched a major naval exercise on Monday at a time of rising tensions over its plans to explore for gas off the coast of Cyprus. The exercises, featuring 131 vessels, 57 planes and 33 helicopters, began early on Monday, a Turkish defence ministry official confirmed to AFP. They are due to last until May 25 and take place across the Mediterranean, Aegean and Black seas. It follows Turkey's announcement in May that it would carry out exploratory drilling off Cyprus up to Se ... read more

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