Saudi oil minister says country showed resilience, is proud of Aramco

Saudi oil minister says country showed resilience, is proud of Aramco

Saudi oil minister says country showed resilience, is proud of Aramco

Written by Reuters

02 Oct, 2019 | 6:32 pm

Reuters – Saudi Energy Minister Abdulaziz Bin Salman said on Tuesday (October 2) that Saudi Arabia has shown resilience following drone attacks on its oil plants.

Speaking at an energy forum in Moscow, Abdulaziz Bin Salman also said his country has always been keeping customers satisfied.

The attacks targeted the Abqaiq and the Khurais plants, causing a spike in oil prices, fires, and damage that halved the crude output of the world’s top oil exporter, by shutting down 5.7 million BPD of production.

Saudi Arabia has managed to maintain supplies to customers at levels before the attacks by drawing from its huge oil inventories and offering other crude grades from other fields, Saudi officials have said.

Saudi officials have said Aramco will reach 12 million BPD of capacity by November.

Yemen’s Houthi group claimed responsibility for the attacks but a U.S. official said they originated from southwestern Iran and Riyadh blamed Tehran. Iran, which supports the Houthis in Yemen’s war, has denied any involvement in the attacks.

 

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