Global Player With Conflicting Domestic Needs

November 2006 | Company Spotlight

Saudi Aramco is the world's largest oil company in terms of crude oil reserves and production, with monopoly rights over the production of oil in Saudi Arabia. A failed suicide attack on the firm's Abqayq oil refinery in February 2006 raised fears of further damage to Aramco's infrastructure from Islamic militants. Responsibility for the attacks on Abqayq, also known as Buqayq, was claimed in an internet statement by a group calling itself 'Al-Qaeda in the Arabian Peninsula.' In the statement, the group vowed to continue mounting such attacks on the Gulf kingdom's energy infrastructure. However, although militant activity is a

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