Saudi oil pipeline leak kills contractor

20 Feb, 2017

A contractor was killed and three other workers were injured in a pipeline leak in Saudi Arabia, state-owned oil giant Aramco said Sunday.
"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. Aramco tweeted that the leak occurred at the Abqaiq facility, located 60 kilometres (37 miles) south-west of the company's main Dhahran compound. The two contractors have since been discharged from hospital. Saudi Arabia is looking to diversify its oil-dependent economy.
The kingdom has announced budget cutbacks after its 2015 deficit snowballed to $97 billion (93 billion euros).
Aramco could be listed on the stock market in 2018, with an initial sale of a five percent stake expected to form the basis for the fund holding about $2 trillion in assets.

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