2 Filipino workers killed in Saudi fire

admin   •   May 22, 2018   •   7470

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Two overseas Filipino workers (OFWs) were killed in a blaze that struck their  construction site in Saudi Arabia early Sunday, the Department of Foreign Affairs (DFA) said in a statement released Monday.

The victims were identified as Jessie Alata Pacetes and Reynaldo Barroga Castro, both heavy equipment drivers and operators employed by a major Saudi construction company that was working on a road project in Najran.

Consul General Edgar Badajos said the two victims died in their sleeping quarters at their jobsite located some 60 kilometers from Najran.

The Department of Foreign Affairs expressed its sympathies to the families of the victims.

“Our thoughts and prayers are with the loved ones of our two kababayan who lost their lives in the tragedy,” Foreign Affairs Secretary Alan Peter S. Cayetano said after he was informed of the incident.

He added that the Philippine Consulate General in Jeddah has sent a team in Najran to work out arrangements with the employer for the immediate repatriation of the remains of the victims and secure whatever benefits that are due them.

Although the fire was believed to have been caused by faulty electrical wiring, the Philippine Consulate is seeking confirmation from local authorities on the real cause of the fire. — UNTV News & Rescue

Saudi Arabia is possibly able to stabilize int’l energy market – expert

Jeck Deocampo   •   September 16, 2019

Smoke rising from an oil facility in Saudi Arabia after Yemen’s Iran-aligned Houthi group claimed responsibility for an attack on two Saudi Aramco plants. (REUTERS)

Saudi Arabia is possibly able to stabilize the international energy market, said a Saudi analyst on Sunday in Riyadh, capital city of the country.

Saudi Arabian oil facilities were attacked on Saturday, causing half of the kingdom’s oil production capacity disrupted.

Yemen’s Houthi rebels claimed responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais.

During an interview with China Central Television (CCTV), Abdul-Rahman Al-Murshed, the analyst, said the attack will not only have an impact on the international crude oil market but also complicate the already tense situation in the Gulf.

Murshed pointed out that this attack will not only have an impact on the Saudi national economy but also bring instability to the world economy.

However, thanks to production cuts to prop up prices in recent years, Saudi Arabia now has some spare oil capacity, and with nearly 200 million barrels of oil in reserve, Aramco has the ability to minimize the impact of the attack on the international energy market.

“As the world’s leading exporter of crude oil, Saudi Arabia has the strength and ability to stabilize the market. When the production of some oil-producing countries such as Iraq and Iran declined before due to different reasons, Saudi Arabia has taken measures to make up for the shortage of supply within a short period of time, mainly thanks to the Saudi spare capacity and huge oil reserve,” he said.

The U.S. put forward a plan to establish a Middle East Security Alliance in September 2018 to members of the Gulf Cooperation Council as a measure against Iran, thus aggravating the regional situation, said Murshed.

The attack is likely to prompt Saudi Arabia to join the alliance, and in turn, the various forces in the region would show more intense confrontation, he said.

“Saudi Arabia stands with any initiative that will preserve the security and integrity of the region and banish the specter of war and confrontation with Iran. Saudi Arabia, therefore, supports any initiative that promotes peace in the region in any way. So I’m sure there will be many understandings and many alliances that will enhance security and peace in this region,” he said. (REUTERS)

Iran’s foreign ministry rejects U.S. accusations of Saudi oil attack

Jeck Deocampo   •   September 16, 2019

Iran’s foreign ministry on Monday (September 16) rejected U.S. accusations that Iran was behind an attack on Saudi oil plants and said the allegations were part of a “maximum falsehood policy”.

It comes as the United States said it was “locked and loaded” for a potential response. The strikes were claimed by Yemen’s Iran-aligned Houthi rebels.

Foreign Ministry spokesman Abbas Mousavi made the remarks during a weekly news conference in Tehran.

Mousavi also said President Hassan Rouhani would not meet with U.S. President Donald Trump at the United Nations, a day after the White House left open the possibility of talks between them.

Tensions between Washington and Tehran were already running high because of a long-running dispute between the two nations over Iran’s nuclear program that led the United States to impose sweeping sanctions. (REUTERS)

Analyst fears disruption of Saudi oil supply could bring ‘dire’ consequences

Jeck Deocampo   •   September 16, 2019

Asia market opened lower on Monday (September 16) after weekend attacks on Saudi Arabia’s crude facilities knocked out more than 5% of global oil supply.

Oil prices surged to four-month highs while Wall Street futures fell and safe-haven bets returned. Prices for gold climbing 1% in early Asian trade to $1,503.09.

In Hong Kong, Hang Seng index and China Enterprises Index slipped, and South Korea’s KOSPI (Korea Composite Stock Price Index) opened almost flat.

Analyst fears disruption in oil supply could bring ‘dire’ consequences to the global economy and a repeat of a global recession. (REUTERS)

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