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Saudi Aramco confirms return of oil supplies at refineries

Saudi energy minister Prince Abdulaziz bin Salman bin Abdulaziz has announced the return to full production of its two sites in Abqaiq and Khurais oil fields, following the drone attacks on 14 Sept.
Giving a tour to the press on 20 Sept, Abdulaziz said works were taking place to normalise the situation and to bring production “to its previous tempo” by the end of the month.

In a statemetn 21 Sept, Saudi Aramco confirmed that "not a single shipment to its international customers" had been missed or canceled as a result of the attacks.
Separately, Saudi Aramco chairman Yasser bin Othman Al-Rumayyan said in a press conference 18 Sept that the attacks would not delay a planned initial public offering (IPO) of Aramco.
“The planned IPO of the national oil giant will be ready in the next 12 months and the kingdom is committed to the listing,” Saudi news agency SPA quoted him as saying.
Drone attacks on Aramco’s facilities in eastern Saudi Arabia on 14 Sept led to disruption of the feedstock supply at some of the key petrochemical complexes in the country.
The company was forced to halve its crude supply by 5.7 million barrels a day a result of the attacks, causing a spike in oil prices globally.

» Publication Date: 23/09/2019

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