Oil major Saudi Aramco hopes to fix by the end of November the last four key pie...
KHURAIS FIELD, Saudi Arabia - Oil major Saudi Aramco hopes to fix by the end of November the last four key pieces of equipment damaged during attacks last month, in a move to allow it to fully regain production capacity, company officials said on Saturday.
The mid-September attacks on the Abqaiq and the Khurais plants caused damage that halved the crude output of the world’s top oil exporter by shutting down 5.7 million bpd of production, driving a spike in oil prices. Aramco restored oil production of around 10 million barrels per day within 10 days and said it was on track to regain its maximum capacity of 12 million bpd by the end of November.
At Abqaiq, the attacks hit five oil processing towers and three were still being restored, Khalid Buraik, vice president of Aramco’s Southern Area Oil Operations, told several media invited to the facilities on Saturday. Abqaiq is the world’s biggest oil processing facility and has 18 towers.The attacks on Khurais damaged four of five towers. Three had been repaired, said a local senior manager who asked not to be named because he is not allowed to speak to media.
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