Saudi Aramco trade unit chief executive officer: Aramco oil production capacity is back to pre-attack level.
Saudi Aramco has returned its oil production capacity to pre-September 14, Abqaiq–Khurais attack (Aramco’s two oil facilities), the chief executive officer of Aramco’s trading unit, Ibrahim Al-Buainain, said on Monday.
Al-Buainain stated, according to “Reuters”, in a conference in the city of Fujairah in the United Arab Emirates that the energy was recovered completely on September 25.
Al-Buainain added that oil production had returned to its “target” level.
The attacks targeted the Abqaiq and Khurais facilities, causing a surge in oil prices due to fires and damage that halted 5.7 million barrels per day, equivalent to half of crude production in the world’s largest oil exporter, Saudi Arabia.
But Saudi Arabia has managed to keep customers’ supplies at pre-attack levels by drawing on its vast oil reserves and offering other varieties of crude from different oil fields.
Two weeks ago, the Saudi Energy Minister, Prince Abdul-Aziz bin Salman announced the full return of Saudi Arabia’s oil production to its levels within four days, stressing that the Kingdom’s production and production capacity would return to normal as before the attack.