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Abqaiq–Khurais Attack
On 14 September 2019, drones were used to attack oil processing facilities at Abqaiq ( ar, بقيق, translit=Buqaiq) and Khurais () in eastern Saudi Arabia. The facilities were operated by Saudi Aramco, the country's state-owned oil company. The Houthi movement in Yemen claimed responsibility, tying it to events surrounding the Saudi Arabian–led intervention in the Yemeni Civil War and stating they used ten drones in the attack launched from Yemen, south of the facilities. Saudi Arabian officials said that many more drones and cruise missiles were used for the attack and originated from the north and east, and that they were of Iranian manufacture. The United States and Saudi Arabia have stated that Iran was behind the attack while France, Germany, and the United Kingdom jointly stated Iran bears responsibility for it. Iran has denied any involvement. The situation exacerbated the 2019 Persian Gulf crisis. The attack caused large fires at the processing facility, which ...
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Houthi–Saudi Arabian Conflict
The Houthi–Saudi Arabian conflict is an ongoing armed conflict between the Royal Saudi Armed Forces and Iran-backed Yemeni Houthi forces that has been taking place in the Arabian Peninsula, including the southern Saudi regions of Asir, Jizan, and Najran, and northern Yemeni governorates of Saada, Al Jawf, and Hajjah, since the onset of the Saudi Arabian-led intervention in Yemen in 2015. Over the course of the conflict the Houthis have carried out attacks on military bases and outposts in Saudi Arabia. Background In their 2004 conflict against the government of Yemeni President Ali Abdullah Saleh, the Houthis accused Saudi Arabia of pressuring Saleh to crack down on their community, and of funding him with 25 billion. This accusation was denied by Saleh, and was not acknowledged by Saudi Arabia. The Houthis and pro-Houthi Yemen army units were deploying effective tactics. Usually, they would first deploy teams equipped with anti-tank guided missiles (ATGMs)—like Rus ...
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Yemeni Civil War (2015–present)
Yemeni Civil War may refer to several historical events which have taken place in Yemen: *Alwaziri coup, February – March 1948 * Yemeni–Adenese clan violence, 1956–60 *North Yemen Civil War, 1962–70 *Aden Emergency, 1963–67 * North Yemen-South Yemen Border Conflict of 1972 *Yemenite War of 1972 *NDF Rebellion, 1978–82 *Yemenite War of 1979 *South Yemen Civil War, January 13–25, 1986 *Yemeni Civil War (1994) *Al-Qaeda insurgency in Yemen, 1998–2014 * Houthi insurgency in Yemen, 2004–15 *South Yemen insurgency, 2009–15 *Yemeni Crisis (2011–present) *Yemeni Revolution, 2011–12 *Yemeni Civil War (2014–present) {{Infobox military conflict , conflict = Yemeni Civil War , partof = the Yemeni Crisis, Arab Winter, War on terror, and the Iran–Saudi Arabia proxy conflict , image = Yemeni Civil War.svg , width ..., ongoing **Saudi Arabian-led intervention in Yemen, March 26, 2015 – ongoing **Lahij insurgency, March ...
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Rosneft
PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian Vertical integration, integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, Extraction of petroleum, extraction, production, refining, Petroleum transport, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Government of Russia, Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words (russian: Российская нефть, lit=Russian oil). Rosneft was founded in 1993 as a State-owned enterprises of Russia, state enterprise and then incorporated in 1995, acquiring a number of state-controlled gas and oil assets. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. After acquiring Open joint-stock company, OJSC TNK-BP in 2013, then one of the largest oil companies of Russia, Rosneft became the world's largest Publ ...
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Saudi Arabian Government
The politics of Saudi Arabia takes place in the context of a unitary absolute monarchy along Islamic lines, where the King is both the head of state and government. Decisions are, to a large extent, made on the basis of consultation among the King, the Council of Ministers, and the country's traditional elites. Most critics regard the Saudi government as a totalitarian state. The Basic Law of Saudi Arabia contains many characteristics of what might be called a constitution in other countries. However, The Qur'an is declared to be the official constitution of the country which is governed on the basis of Islamic law (Shari'a). The Allegiance Council is responsible to determine the new King and the new Crown Prince. All citizens of full age have a right to attend, meet, and petition the king directly through the traditional tribal meeting known as the majlis. The government is dominated by the vast royal family, the Al Saud, which has often been divided by internal disputes and i ...
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National Oil Company
A national oil company (NOC) is an oil and gas company fully or in the majority-owned by a national government. According to the World Bank, NOCs accounted for 75% global oil production and controlled 90% of proven oil reserves in 2010. Due to their increasing dominance over global reserves, the importance of NOCs relative to International Oil Companies (IOCs), such as ExxonMobil, BP, or Royal Dutch Shell, has risen dramatically in recent decades. NOCs are also increasingly investing outside their national borders. See also * List of petroleum companies * Nationalization of oil supplies External links National Oil Companies and Value Creation(World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ... study, 2010) References Petroleum economics {{Petroleum-stub ...
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Oil Reserves In Venezuela
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaion'') ...
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List Of Countries By Proven Oil Reserves
A ''list'' is any set of items in a row. List or lists may also refer to: People * List (surname) Organizations * List College, an undergraduate division of the Jewish Theological Seminary of America * SC Germania List, German rugby union club Other uses * Angle of list, the leaning to either port or starboard of a ship * List (information), an ordered collection of pieces of information ** List (abstract data type), a method to organize data in computer science * List on Sylt, previously called List, the northernmost village in Germany, on the island of Sylt * ''List'', an alternative term for ''roll'' in flight dynamics * To ''list'' a building, etc., in the UK it means to designate it a listed building that may not be altered without permission * Lists (jousting), the barriers used to designate the tournament area where medieval knights jousted * ''The Book of Lists'', an American series of books with unusual lists See also * The List (other) * Listing (di ...
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Oil Reserves In Saudi Arabia
The proven oil reserves in Saudi Arabia are reportedly the second largest in the world, estimated in 2017 to be (Gbbl hereafter), including 2.5 Gbbl in the Saudi–Kuwaiti neutral zone. This would correspond to more than 50 years of production at current rates. In the oil industry, an oil barrel is defined as 42 US gallons, which is about litres, or 35 imperial gallons. The oil reserves are predominantly found in the Eastern Province. These reserves were apparently the largest in the world until Venezuela announced they had increased their proven reserves to 297 Gbbl in January 2011.Venezuela: Oil reserves surpasses Saudi Arabia's
at english.ahram.org.eg
The Saudi reserves are about one-fifth ...
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Barrel (unit)
A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons the volumes of some barrel units are roughly double the volumes of others; volumes in common use range approximately from . In many connections the term is used almost interchangeably with ''barrel''. Since medieval times the term as a unit of measure has had various meanings throughout Europe, ranging from about 100 litres to about 1,000 litres. The name was derived in medieval times from the French , of unknown origin, but still in use, both in French and as derivations in many other languages such as Italian, Polish, and Spanish. In most countries such usage is obsolescent, increasingly superseded by SI units. As a result, the meaning of corresponding words and related concepts (vat, cask, keg etc.) in other languages often refers to a physical container ...
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List Of Countries By Oil Exports
This is a list of oil-producing countries by oil exports based on The World Factbook and other Sources. Many countries also import oil, and some import more oil than they export. Countries by rank Oil export revenues Academic contributions have written about differences in petroleum revenue management in various countries. Many scholars see the natural resource wealth in some countries as a natural resource blessing, while in others it has been referred to as a natural resource curse. A vast body of resource curse literature has studied the role of governance regimes, legal frameworks and political risk in building an economy based on natural resource exploitation. However, whether it is seen as a blessing or a curse, the recent political decisions regarding the future of petroleum production in many countries were given an extractivist direction, thus also granting a status quo to the exploitation of natural resources. The PRIX index forecasts the effect of political de ...
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Ministry Of Energy (Saudi Arabia)
The Ministry of Energy () is a government ministry in Saudi Arabia and part of the cabinet. It is responsible for developing and implementing policies concerning petroleum and related products. The Ministry of Energy is working to diversify the national energy mix used in electricity production, increasing the share of natural gas and renewable energy sources to approximately 50% by 2030 while reducing the use of liquid fuel. In August 2019, King Salman issued a royal decree and divided the Ministry of Petroleum and Mineral Resources into two: Ministry of Industry and Mineral Resources, and Ministry of Energy. While Khalid al-Falih still remained the energy minister, business executive Bandar Al-Khorayef was named as the minister of natural resources. However, on 8 September 2019, a royal decree was issued to appoint Abdulaziz bin Salman Al Saud as the energy minister. History The ministry was established in December 1960. Prior to the formation of the ministry policies rega ...
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Oil Reserves In Saudi Arabia
The proven oil reserves in Saudi Arabia are reportedly the second largest in the world, estimated in 2017 to be (Gbbl hereafter), including 2.5 Gbbl in the Saudi–Kuwaiti neutral zone. This would correspond to more than 50 years of production at current rates. In the oil industry, an oil barrel is defined as 42 US gallons, which is about litres, or 35 imperial gallons. The oil reserves are predominantly found in the Eastern Province. These reserves were apparently the largest in the world until Venezuela announced they had increased their proven reserves to 297 Gbbl in January 2011.Venezuela: Oil reserves surpasses Saudi Arabia's
at english.ahram.org.eg
The Saudi reserves are about one-fifth ...
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