Sunday 16 December 2012

Saudi Gazette - Against all the odds, Saudi Arabia never falters in oil supplies

ATTACKS on Saudi energy infrastructure are not something new. Ever since the advent of the “war on terror,” Saudi oil and energy infrastructure has been on the radar of extremists, terrorists and enemies. A number of attempts have been made over these last few years to hit the Saudi energy infrastructure and disrupt the flow of crude from the Kingdom to the world. Even with current glut like situation, that would simply be disastrous to the global energy balance.

An attempted attack in February 2006 on the Abqaiq oil processing facility - arguably the world’s most critical oil hub through which flows some 70 percent of Saudi Arabia’s exports was thwarted by the security forces. Yet the very news of the attempted attack on the facility caused oil prices to jump by more than $2 a barrel then, underlining the pivotal role this facility plays in the Saudi crude exports.

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