Latest market news

Yemen Houthis claim attack on Aramco facility in Jeddah

  • : Crude oil, Oil products
  • 20/11/23

Yemen's Houthi rebel group claims to have launched a missile at an oil distribution facility in Jeddah operated by Saudi Arabia's state-controlled Saudi Aramco.

The attack has been reported by the Houthi-controlled Saba news agency. Aramco could not be reached for a comment.

Houthi armed forces spokesman brigadier-general Yahya Saree said the missile launch came ahead of planned "large-scale operations in Saudi Arabia" and warned "citizens and foreign companies operating in Saudi Arabia to stay away from important vital installations".

Aramco closed an 85,000 b/d refinery in Jeddah in late 2017 because it was too close to residential neighbourhoods and needed to be expanded to be economically viable. The complex was converted into a distribution hub for oil products.

The Houthis control territory in the northwest of Yemen. Jeddah is approximately 1,200km from the Yemeni border.

Aramco's 400,000 b/d Jizan refinery, currently under construction, is the company's closest facility to the border. The southern Jizan province has been targeted by the Houthis before, but the refinery's construction has continued, and operations are due to commence next year.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more