(Reuters Breakingviews) - Saudi Aramco’s best-laid IPO plans just suffered a dro...
FILE PHOTO: Smoke is seen following a fire at Aramco facility in the eastern city of Abqaiq, Saudi Arabia, September 14, 2019. REUTERS/Stringer/File Photo
The strikes on Aramco’s Abqaiq and Khurais facilities are a major escalation of previous Houthi drone launches, which were mostly directed at Saudi energy infrastructure and airports. Abqaiq alone processed 50% of the company’s 10 million barrels per day crude oil production in 2018. Aramco’s maiden international bond prospectus in April identified the facility as critical for its financial condition.
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