• 3 minutes Biden Seeks $2 Trillion Clean Energy And Infrastructure Spending Boost
  • 6 minutes Pompeo upsets China; oil & gas prices to fall
  • 11 minutes The Secret China Iran Oil Deal At The Heart Of One Belt One Road Project
  • 2 hours End Game For Oil? OPEC Prepares For An Age Of Dwindling Demand
  • 7 hours Trump Hands Putin Major Geopolitical Victory
  • 7 hours While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 2 hours Rational analysis of CV19 from Harvard Medical School
  • 5 hours Trump Suggests Delaying Election Amid Fraud Claims
  • 3 days Mask Disposal
  • 17 hours Enough is Enough...
  • 3 days "The Great Reset" What does this mean for you.
  • 44 mins The World is Facing a Solar Panel Waste Problem
  • 7 hours Why Oil could hit $100
  • 2 days What happens to oil and gas production when 1/2 of Oklahoma is handed over to the Tribes
  • 3 days Biden admits he has been tested for Cognitive Decline several times. Didn't show any proof of test results.
  • 3 days You may all go to hell
Oil Prices Soar After EIA Reports Large Crude Draw

Oil Prices Soar After EIA Reports Large Crude Draw

Oil prices jumped, with Brent…

Oil Prices Rise Despite An Influx Of OPEC+ Crude

Oil Prices Rise Despite An Influx Of OPEC+ Crude

Oil prices inched higher on…

Trump Vows To Revive U.S. Oil Industry

Trump Vows To Revive U.S. Oil Industry

U.S. President Donald Trump touted…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Houthi Rebels Target ‘Giant Oil Facility’ In Saudi Arabia

The Iran-aligned Houthi rebels in Yemen said on Monday that they had hit a large oil facility in Saudi Arabia’s southern city of Jizan with missiles and drones, while Saudi Arabia said it had intercepted and destroyed ballistic missiles and explosive-laden drones.

 

“With many drones our armed forces targeted military aircraft, pilot accommodation and Patriot systems in Khamis Mushait, and other military targets at Abha, Jizan and Najran airports,” Yahya Sarea, a Houthi military spokesman, said on Monday, as carried by Reuters.

 

The Houthis also targeted, accurately, “the giant oil facility in the Jizan industrial zone,” the Houthi military spokesman said.

 

Saudi Arabia, via its official Saudi Press Agency, said:

 

“Joint Coalition forces were able to intercept and destroy (2) ballistic missiles launched by the terrorist, Iran-backed Houthi militia to deliberately target civilians and civilian object, and (6) bomb-laden USVs launched by the terrorist, Iran-backed Houthi militia launched deliberately from (Sana’a) to target civilians and civilian objects in the Kingdom. The terrorist Houthi militia is deliberately escalating hostilities as it targets civilians and civilian objects in Yemen and neighboring countries using ballistic missiles and UAVs.”

 

Since 2015, Saudi Arabia and Iran have been essentially fighting a proxy war in Yemen, where the Saudis lead a military Arab coalition to “restore legitimacy” in the country, while the Houthi movement, which holds the capital Sanaa, is backed by Iran.

 

The Houthis have claimed responsibility for the September 14 attacks on Saudi Aramco’s oil facilities that cut off 5 percent of daily global supply for weeks. But Saudi Arabia and the United States have said that it was Iran—and not the Houthis—who was responsible for the attack.

 

The Saudis and the U.S. blamed the attack on Iran, claiming evidence showed the missiles had been fired from the north rather than the south, where Yemen is.

 

By Tsvetana Paraskova for Oilprice.com

 

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mamdouh Salameh on July 13 2020 said:
    Saudi oil installations will remain vulnerable to attacks by the Iran-aligned Houthi rebels in Yemen as long as the war in Yemen continues.

    Saudi Crown Prince Mohammed bin Salman should take bold decisions of not only ending a costly and an unwinnable war in Yemen but should also reach some rapprochement with Iran. He should let the United States and Israel fight their own war with Iran. In so doing, he will save his country hundreds of billions of dollars he is spending on American weapons and also safeguard his oil installations.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News