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Riyadh may take weeks to restore oil supplies

UNITED STATES, WASHINGTON (OBSERVATORY) — Saudi Arabian state-owned oil and gas company Saudi Aramco may need weeks to recover oil supplies after drone attacks on its facilities, Reuters reported citing a source familiar with the situation.

On Saturday, The Wall Street Journal, citing unnamed Saudi officials, said the kingdom plans to bring oil production, half of which was interrupted on Saturday by drone attacks, to normal by Monday.

“The full restoration of Saudi Arabia’s ability to supply oil after the Saturday attacks on Aramco refineries may take” weeks, not days, “the agency writes, citing a source.

A fire broke out on Saturday night at the Abkaik refinery in eastern Saudi Arabia and the Khurais refinery east of the capital of Riyadh, owned by the state-owned oil and gas company Saudi Aramco.

Hussite Yemeni rebels later claimed that two Saudi refineries were attacked by fighters of their movement using ten unmanned aerial vehicles. At the same time, US Secretary of State Mike Pompeo said that there is no evidence that the attack came from Yemen, and blamed Iran directly on it.

Saudi Aramco later said that drone attacks at its refinery led to the suspension of production of 5.7 million barrels of oil per day. Work on its restoration is already underway, but the completion dates are not officially announced.

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