50% of production cut by attack restored – Saudi’s Energy Minister
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Saudi Arabia’s energy minister says 50% of the production cut by the attack on its oil processing plant has been restored.
Prince Abdulaziz bin Salman made the comments Tuesday night at a news conference in Jiddah.
The attack Saturday struck a Saudi oil field and the world’s largest crude oil processing plant, which knocked out 5.7 million barrels of crude oil production per day for the kingdom, or about 5% of the world’s daily production.
The prince added that within this month, production capacity will be up to 11 million barrels per day by the end of September. It had been around 9.6 milllion barrels per day before the attack.
Meanwhile the BBC reports that the US has reportedly identified locations in Iran from which drones and cruise missiles were launched against major Saudi oil facilities on Saturday.
Senior US officials told media outlets that the locations were in southern Iran, at the northern end of the Gulf.
Saudi air defences did not stop the drones and missiles because they were pointed southwards, to prevent attacks from Yemen, they added.
Iran denies involvement in the attacks, which disrupted global oil supplies.
