Energy
0

1 Killed in Aramco Pipeline Leak

1 Killed in Aramco Pipeline Leak1 Killed in Aramco Pipeline Leak

State oil giant Saudi Aramco said on Saturday it had contained a “limited” oil leak from one of its pipelines near Abqaiq that had caused the death of a contractor and injured three other people, including an Aramco employee. Aramco gave no details on the cause of the leak but said in a statement that it would conduct a thorough investigation, Reuters reported.

“Saudi Aramco regrets to inform the death of one contractor, and three other injuries involving one employee and two contractors,” Aramco said in a statement.

It said two of the injured people had been discharged from hospital. Aramco’s facility in Abqaiq is the world’s largest oil processing facility and the largest crude oil stabilization plant.

Aramco could be listed on the stock market in 2018, with an initial sale of a 5% stake expected to form the basis for the fund holding about $2 trillion in assets. The firm will next year begin publishing quarterly results in a bid to attract potential investors, according to chief executive Amin Nasser.

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com