‘Saudi Aramco restores production capacity, expects stabilisation of global supply’

Abha bulk plantSaudi President and CEO Amin Nasser said that the company’s production capacity, which had been suspended earlier due to terrorist attacks on its Abqaiq and Khurais plants, would be fully restored by the end of September

Nasser told a press conference in Jeddah that these synchronised attacks were timed to cause maximum damage to the facilities and operations.

“The rapid response and resilience demonstrated in the face of such adversity show the company’s preparedness to deal with threats aimed at sabotaging Aramco’s supply of energy to the world,” he added.

Commending the work of the emergency response teams consisting of firefighters, operations, and security personnel in coordination with government agencies, Nasser noted: “I am enormously proud of the courage, dedication and proficiency of our people who ensured there were no injuries.”

During the news conference, it was revealed that Khurais production resumed 24 hours after the attack. Meanwhile, the CEO stated that production at Abqaiq is currently two mmbbl per day and that the total output of Abqaiq is expected to be restored to previous rates by the end of September.

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

The company 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 cancelled 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,” he explained.

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