Reports of Pipeline Blast on Saudi Pipeline

March 1st, 2012
in econ_news

Econintersect:  (Final update 7:48 am 2 March 2012, New York time) This will be a running post of what we learn about a pipeline explosion in the Saudi Arabian city of Awamiyah. According to CNBC, the Saudi's have denied this explosion occurred.  This post will continue to be updated until proof this blast occurred or not.

What is known at this time is that crude prices have spiked, and that there has been other trouble in Awamiyah.

Follow up:

Where is Awamiyah

It is very near Ras Tanurah - Saudi's biggest refinery.  It is along the major north - south pipeline.

Updates

Update at 1:26 am EST 02 March 2012: A review of all major wire services finds no additional reports following the Saudi denial of a problem at approximately 5 pm 01 March.

Update at 7:48 am EST 02 March 2012: One of the original sources of this news, added an additional picture of the fire.  No new denials by Saudi Arabia, or additional news media stories with new information.  If this picture is correct, the damage to the pipeline is minor, and easy to rapidly repair (days not weeks).  This does not appear to be much of a story (Steven Hansen opinion).


Steven Hansen

 









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved