Saudi Arabia news and discussions

[wjfox]

Aramco: Saudi state-owned oil giant sees record income of $161bn

40 minutes ago

Saudi oil giant Aramco has announced a record profit of $161.1bn (£134bn) for 2022, helped by soaring energy prices and bigger volumes.

It represents a 46.5% rise for the state-owned company, compared with last year.

It is the latest energy firm to report record profits, after energy prices spiked following Russia's full-scale invasion of Ukraine in February 2022.

[...]

In a statement on Sunday, Aramco said the company results were "underpinned by stronger crude oil prices, higher volumes sold and improved margins for refined products".

Aramco's President and CEO Amin Nasser said: "Given that we anticipate oil and gas will remain essential for the foreseeable future, the risks of underinvestment in our industry are real - including contributing to higher energy prices."

https://www.bbc.com/news/world-middle-east-64931074

[wjfox]

Hundreds of migrants killed by Saudi border guards - report

4 hours ago

Saudi border guards are accused of the mass killing of migrants along the Yemeni border in a new report by Human Rights Watch.

The report says hundreds of people, many of them Ethiopians who cross war-torn Yemen to reach Saudi Arabia, have been shot dead.

Migrants have told the BBC they had limbs severed by gunfire and saw bodies left on the trails.

Saudi Arabia has previously rejected allegations of systematic killings.

The Human Rights Watch (HRW) report, titled They Fired On Us Like Rain, contains graphic testimony from migrants who say they were shot at and sometimes targeted with explosive weapons by Saudi police and soldiers on Yemen's rugged northern border with Saudi Arabia.

https://www.bbc.co.uk/news/world-middle-east-66545787

[Time_Traveller]

Neom: Forces 'told to kill’ to clear land for eco-city

4 hours ago

Saudi authorities have permitted the use of lethal force to clear land for a futuristic desert city being built by dozens of Western companies, an ex-intelligence officer has told the BBC.

Col Rabih Alenezi says he was ordered to evict villagers from a tribe in the Gulf state to make way for The Line, part of the Neom eco-project.

One of them was subsequently shot and killed for protesting against eviction.

The Saudi government and Neom management refused to comment.

Neom, Saudi Arabia's $500bn (£399bn) eco-region, is part of its Saudi Vision 2030 strategy which aims to diversify the kingdom's economy away from oil.

https://www.bbc.co.uk/news/world-middle-east-68945445