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Yemeni Rebels Claim Responsibility For Drone Attack That Cut Half of Saudi Arabia's Oil Export

By: Politicized News

· Global Affairs

On Saturday, drones strikes attacked two massive oil centers located in Saudi Arabia. Though it remains unclear exactly how much damage was done by the bombings, the responsibility being claimed by the Houthis, a Yemeni rebel faction, marks a definitive escalation of conflict between the two states.

Both oil centers are owned by Aramco, a state-owned petroleum and natural gas company, and together account for 8.45 million barrels of crude oil daily, the vast majority of the kingdom’s total oil production. Experts claim that damage to these facilities could cut Saudi Arabia’s crude oil output in half; and, though repairs aren’t expected to take more than 48 hours to complete, it’s certain that the strikes will disrupt world oil supplies.
The Houthi rebels, backed by Iran, have never before demonstrated the capacity to execute such a massive aerial strike so far from their base in Sa’dah (around 500 miles from the Abqaiq and Khurais oil plants).
The chairman of Aramco, Yasir-al-Rumayyan, recently accelerated plans to continue opening Aramco stock to public markets in what would likely be the largest initial public offering of stock in the world. The Yemeni drone strikes arrived just as those plans were announced.
As there are currently no reported casualties, the strikes appear to be an attempt to shake the core of the Saudi economy in an effort to reduce the kingdom’s involvement in the Yemeni Civil War, where Saudi involvement has long resisted the Houthis government.

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