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Iran War: Saudi Arabia Shuts Down One Of The World’s Largest Oil Refineries

Saudi Aramco has suspended operations at its Ras Tanura refinery in Saudi Arabia following reports of a drone strike in the vicinity, Reuters reports.

Ras Tanura, one of the largest oil refining and export facilities in the world, has a refining capacity of roughly 550,000 barrels per day and serves as the kingdom’s largest oil export terminal.

The facility handles approximately 6.5 million barrels of crude daily nearly 7% of global oil supply flows through this single site.

Reports indicate the attack was carried out by Iran amid rising regional tensions, affecting critical Aramco infrastructure.

Following the strike, a fire reportedly broke out in the refinery’s processing complex.

Authorities say the blaze has been contained, and no casualties have been confirmed.

Recall that series of strikes by the US and Israel against Iran began Saturday, 28th February, 2026.

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Social Commentary & World Business

Federal Government set to ban UK,Canada and Saudi Arabia airlines from entering Nigeria in response to Covid-19 Omicron travel ban

The Minister of Aviation, Hadi Sirika revealed the federal government will make sure countries like UK, Saudi Arabia and Canada that put Nigeria on the Covid-19 Omicron variant redlist will be restricted from travelling into the country.

omicron variant
omicron variant

The minister also apologised to Nigerians who have been affected by the travel ban and noted the decision of the FG to reciprocate the ban is in the interest of the country.

hadi sirika
hadi sirika

he said;

“There is also the case of Saudi Arabia that put Nigeria on the ban list. On Sunday, I participated in a meeting with the COVID-19 task force,” NAN quoted the minister as saying.

We have given our input that it is not acceptable by us, and we recommended that those Canada, the UK, Saudi Arabia, and Argentina also be put on the red list.

As they did to us if they do not allow our citizens into their countries; who are they coming, as airlines, to pick from our country?

They are not supposed to come in. I am very sure in the next three days; Monday or Tuesday, all those countries will be put on the red list of COVID-19.”

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Social Commentary & World Business

Libya overtakes Nigeria as Africa’s biggest oil producer according to OPEC

A new report released by Organization of the Petroleum Exporting Countries (OPEC) reveals that Nigeria’s oil output fell to about 1.23 million barrels per day in October from about 1.25 million bpd in the previous month, which confirmed Libya as the biggest producers of oil in Africa.

opec
opec

The decline in production of oil by Nigeria has been stated as the reason for the drop which was majorly felt with 45,000 bpd to 1.35 million bpd in October from about 1.40 million bpd in September, and it is reported that this is the second biggest drop in output in October among its peers in OPEC, after Iraq, based on direct communication.

OPEC said ‘; “Crude oil output increased mainly in Saudi Arabia, Venezuela, the UAE, and Kuwait, while production in Nigeria, Gabon and Equatorial Guinea declined. However, soft demand from Asian refiners for Atlantic Basin crude amid unfavorable west-to-east arbitrage capped the rise. Crude differentials of Bonny Light, Forcados, and Qua Iboe rose firmly on a monthly average in October by 70¢, $1.06, and 75¢, respectively, to stand at premiums of 10¢/b, 27¢/b, and 4¢/b.”

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Social Commentary & World Business

Pictures from President Buhari’s trip to Saudi Arabia

President Buhari was seen with the Salman of Saudi Arabia on his journey to Saudi where he went to pray for everlasting peace in Nigeria.

president buhari
president buhari
president buhari
president buhari
president buhari
president buhari
president buhari
president buhari
president buhari
president buhari