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Saudi Aramco rose 'like a phoenix from the ashes' after attacks

Energy minister Prince Abdulaziz bin Salman commends Aramco response, Amin Nasser promises recovery by end-Sept

Saudi Aramco's oil production capacity will be 'fully restored' by the end of September 2019.
Saudi Aramco
Saudi Aramco's oil production capacity will be 'fully restored' by the end of September 2019.

Saudi Aramco's president and chief executive officer Amin Nasser said during a press conference in Jeddah that the production capacity of the world's largest oil and gas company would be “fully restored” by the end of September following drone strikes at its Khurais and Abqaiq plants that resulted in reduced oil output from Saturday 14 September 2019, with Saudi Arabia's Minister of Energy, Prince Abdulaziz bin Salman, stating that Saudi Aramco had emerged “like a phoenix from the ashes” after the attack.

During the conference, it was disclosed that production at Aramco's Khurais plant resumed 24 hours after the attack, while production at its Abqaiq plant is currently steady at two million barrels per day.

Nasser also said that the company adjusted deliveries and shipments to customers by drawing on inventories and offering additional crude production from other fields during suspension.

“These synchronised attacks were timed to create maximum damage to our facilities and operations,” he added.

“We have a hard-earned reputation for nearly 100% reliability in terms of meeting our international customers’ requirements and we have defended that.”

According to Reuters, the energy minister said: “Oil supplies will be returned to the market as they were before 3:43am Saturday.”

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