Aramco Warns Employees Against Taking Pictures of Sites

A metal part of a damaged tank is seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019. (Reuters)
A metal part of a damaged tank is seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019. (Reuters)
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Aramco Warns Employees Against Taking Pictures of Sites

A metal part of a damaged tank is seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019. (Reuters)
A metal part of a damaged tank is seen at the damaged site of Saudi Aramco oil facility in Abqaiq, Saudi Arabia, September 20, 2019. (Reuters)

Saudi Aramco has renewed its work on banned facilities and operating sites, as well as sites under construction in the company.

The company issued a statement warning its employees against uploading, sending, or exchanging any photographs or videos of the restricted and under construction areas on social media.

The statement indicated that this action is strictly prohibited unless the required approval is taken.

Aramco cautioned its employees that in the event of non-compliance, the company will take firm disciplinary action.

The company’s reminder comes just days after Saudi Aramco's Abqaiq plant was hit by a terrorist attack that caused a major fire at the plant, the world's largest oil refinery, as well as another attack on an oil facility in Khurais located on the road between al-Ihsa and Riyadh.

Although Saudi Aramco has been able to control the attacks, the company's industrial security department preferred to be careful by reminding its employees of the ban and tightening security in this regard.

Meanwhile, Aramco hired UBS Group and Deutsche Bank as book-runners for its initial public offering, two sources familiar with the matter said.

This is an indication that the deal is moving ahead despite the recent attack on Aramco’s oil facilities.

The company started informing banks about the bookrunners’ roles, one of the sources said.

Reuters revealed that Aramco finalized nine banks for top roles as global coordinators in recent weeks, and more banks are expected to be named in junior roles, the sources said.

Aramco has also added Barclays and BNP Paribas as bookrunners, Bloomberg cited people familiar with the matter.

Doubts had emerged about the timeline of the potentially $20 billion domestic leg of the IPO among investors after last Saturday’s attacks on two sites that usually process and clean up about 5.7 million barrels per day (bpd).

Aramco said that by the end of September it will resume full crude output at Abqaiq and Khurais.

The company’s meeting with analysts, ahead of the expected IPO in late November, is also scheduled for early next week, two other sources said.

Aramco’s listing is the first step toward an eventual sale of up to 5 percent, with another 1 percent expected to be sold domestically next year, followed by an international listing.

Initial hopes for an international listing dissipated when the share sale was halted last year amid a debate over an overseas venue and valuation.

Aramco had said the delay was due to its deal to acquire a 70 percent stake in petrochemicals maker Saudi Basic Industries Corp. Crown Prince Mohammed put a $2 trillion valuation on the company in early 2016.



Pakistan Supports Saudi Arabia, Welcomes Regional Efforts to De-escalate Situation in Yemen

The Pakistani flag is seen in Islamabad.  AP file photo
The Pakistani flag is seen in Islamabad. AP file photo
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Pakistan Supports Saudi Arabia, Welcomes Regional Efforts to De-escalate Situation in Yemen

The Pakistani flag is seen in Islamabad.  AP file photo
The Pakistani flag is seen in Islamabad. AP file photo

Pakistan has confirmed its support for Yemen’s unity and territorial integrity, and for all efforts aimed at achieving lasting peace and stability in the country.

The Pakistani Ministry of Foreign Affairs said in a statement issued Wednesday that Pakistan strongly opposes any unilateral actions taken by any Yemeni party that escalate the situation, undermine peace efforts, and threaten peace and stability in Yemen and the region.

The statement said Pakistan welcomes regional efforts to de-escalate the situation and maintain peace and stability in Yemen, expresses its full solidarity with Saudi Arabia, and reaffirms its commitment to the Kingdom’s security.

It added that Pakistan maintains its strong support for resolving the Yemen issue through dialogue and diplomacy, and hopes that the Yemeni people and regional powers will work together to reach a comprehensive and lasting settlement of the issue and safeguard regional stability.


Saudi-Palestinian Discussions Focus on Gaza, the West Bank

The Saudi Foreign Minister met on Wednesday in Riyadh with Vice President of the State of Palestine and Vice Chairman of the PLO's Executive Committee. SPA
The Saudi Foreign Minister met on Wednesday in Riyadh with Vice President of the State of Palestine and Vice Chairman of the PLO's Executive Committee. SPA
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Saudi-Palestinian Discussions Focus on Gaza, the West Bank

The Saudi Foreign Minister met on Wednesday in Riyadh with Vice President of the State of Palestine and Vice Chairman of the PLO's Executive Committee. SPA
The Saudi Foreign Minister met on Wednesday in Riyadh with Vice President of the State of Palestine and Vice Chairman of the PLO's Executive Committee. SPA

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met on Wednesday in Riyadh with Vice President of the State of Palestine and Vice Chairman of the Executive Committee of the Palestine Liberation Organization (PLO) Hussein Al Sheikh.

During the meeting, they discussed developments in the Gaza Strip and the West Bank, including the dire humanitarian conditions facing Gaza residents, ongoing Israeli violations of the ceasefire, and Israeli escalation in the West Bank. They stressed the importance of the unhindered delivery of humanitarian aid.

The two sides also underlined the need for the release of Palestinian Authority funds, the protection of the Palestinian banking system, and commitment to implementing the comprehensive peace plan put forward by US President Donald Trump.

The meeting highlighted Saudi Arabia’s support for the reform program launched by Palestinian President Mahmoud Abbas and praised the efforts of the US president.

The two sides affirmed the importance of connecting Gaza to the West Bank and continuing efforts, in coordination with brotherly countries and international partners, to ensure the legitimate rights of the Palestinian people, including the realization of an independent state with East Jerusalem as its capital.

The meeting was attended by Advisor to the Foreign Minister for Political Affairs Prince Musab bin Mohammed Al Farhan and Minister Plenipotentiary at the Ministry of Foreign Affairs Manal Radwan.


Saudi Arabia Stresses Support for Somalia’s Sovereignty

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. SPA
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. SPA
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Saudi Arabia Stresses Support for Somalia’s Sovereignty

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. SPA
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah. SPA

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call on Wednesday from Somali Minister of Foreign Affairs and International Cooperation Abdisalam Abdi Ali.

Discussions stressed the importance of preserving the sovereignty, unity and territorial integrity of Somalia and addressed regional developments and other issues of mutual concern.