Saudi Arabia's Energy Minister Abdulaziz bin Salman Al Saud said Tuesday (September 17) that Saudi oil production, suspended earlier due to attacks on two major Aramco facilities, would be fully restored by the end of September.
Saudi Energy
minister Prince Abdulaziz bin Salman Saudi Arabia would keep its role as the
secure supplier of global oil markets.
Speaking to the
media in Jeddah during a news conference, Abdulaziz said that Saudi Arabia
will maintain full oil supply to its customers this month, adding that the
Kingdom had dipped into its stored reserves to ensure supply continues as
normal, while oil production capacity will rebound to 11 million barrels per
day (bpd) by the end of September.
Saudi Aramco CEO
Amin Nasser said at the conference that it took the company less than seven
hours to extinguish the fires after the attacks at Abqaiq and Khurais.
During the news
conference, it was disclosed that production at Khurais resumed 24 hours after
the attack. Meanwhile, Nasser stated that
production at Abqaiq is currently 2 million barrels per day and its entire
output is expected to be restored to prior rates by the end of September.
"We have a
hard-earned reputation for nearly 100 percent reliability in terms of meeting
our international customers' requirements and we have defended that," Nasser told the media.
Aramco adjusted
deliveries and shipments to customers by drawing on inventories and offering
additional crude production from other fields.
"Not a single shipment to an international
customer has been or will be missed or canceled as a result of these attacks.
We have proven that we are operationally resilient and have confirmed our
reputation as the world's leading supplier," Nasser
added.
Source: NDO
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