Media: Saudi Arabia May Restore Oil Production by Next Week
Meanwhile, on Monday, an American business newspaper, citing Saudi officials and Saudi Aramco contractors, said it would take several months for the Saudi company to rebuild. According to them, Saudi Aramco in recent days has bombarded its contractors, including the American General Electric, with phone calls, faxes and e-mails asking for immediate help. The publication also predicts that emergency work can cost the kingdom hundreds of millions of dollars.
The two largest enterprises of Saudi Aramco (in Abkaik and Khurais) were attacked on the night of September 14. Husitin rebels from the Ansar Allah Yemeni movement claimed responsibility for the attack, claiming that 10 unmanned aerial vehicles filled with explosives were used in the sabotage. As a result of explosions and fires caused by impacts, production of the world's largest oil exporter fell by 5.7 million barrels from 9.8 million barrels per day.
Half of the lost production volumes were restored by the evening of September 17. To return to previous levels of production, Saudi Arabia expects by October. Oil supplies are fully resumed through the use of reserves. The incident caused the largest interruptions in fuel production in world history. Saudi Arabian Energy Minister said oil attacks reduced 50% as a result of attacks on the kingdom’s oil facilities. Part of these losses will be compensated from backup storage. At the same time, the Saudi government said that "oil exports have not been affected or stopped".
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