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Saturday , November 16 2019

Saudi Aramco fully restored oil production and capacity

FUJAIRAH, UAE: Saudi Aramco has restored full oil production and capacity to the levels they were at before attacks on its facilities on Sept 14, the chief executive officer of its trading arm, Ibrahim Al-Buainain, has said. Oil output capacity was restored on Sept 25, he told a conference in the United Arab Emirates’ city of Fujairah. Oil production was restored to its pre-attack level of about 9.7 million barrels per day or even “a little higher” to replenish inventories, he said. Saudi Arabia pumped about 9.78 million bpd in August. (RTRS)

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