Saudi Arabia faces a big setback

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Saudi Arabia faces a big setback

RIYADH – Saudi Arabia faces a big setback as half of the production of 5 millions barrels per day has been halted after the drone strike on state run largest oil refinery.

Two plants at the heart of Saudi Arabia’s oil industry, including the world’s biggest petroleum processing facility, in a strike had disrupted output and exports.

5 million barrels per day of crude production were impacted — close to half of the kingdom’s output or 5% of global oil supply. Another source said some production was shut down as a precaution and that most of the lost output capacity would resume within days.

The pre-dawn drone attack on the Saudi Aramco facilities set off several fires, although the kingdom, the world’s largest oil exporter, later said these were brought under control.

Middle East