Staff members stand in front of the logo of Saudi state oil giant Aramco in Riyadh. File photo/AFP
Saudi Arabia has restored more than 75 per cent of crude output lost after attacks on its facilities and will return to full volumes by early next week, a source briefed on the latest developments told Reuters on Monday.
Saudi's oil production from its Khurais plant is now at more than 1.3 million barrels per day, while current production from its Abqaiq plant is at about 3 million bpd, the source said.
The Sept. 14 attacks on the Abqaiq and Khurais plants, some of the kingdom's biggest, caused raging fires and significant damage that halved the crude output of the world's top oil exporter, by shutting down 5.7 million barrels per day of production.
Saudi Energy Minister Prince Abdulaziz bin Salman and the chief executive of state oil company Aramco, Amin Nasser, have said the output will be fully back online by the end of September.
The kingdom has managed to recover supplies to customers to the levels they were at prior to the attacks by drawing from its huge oil inventories and offering other crude grades from other fields, Saudi officials said.
No casualties were reported at the sites even though thousands of workers and contractors work and live in the area.
Saudi said it would ensure full oil supply commitments to its customers. The kingdom ships more than 7 million bpd to global destinations every day, and for years has served as the supplier of last resort to markets.
'The attack was launched from the north and was unquestionably sponsored by Iran,' Al-Malki told journalists
Quoting Saudi Crown Prince Mohammed Bin Salman, SPA reported that the "transfer of four per cent of Aramco shares to the Public Investment Fund... is part of the kingdom's long-term strategy to support the restructuring of its economy".
Upon closing, Aramco will receive upfront proceeds of around US$12.4 billion, further strengthening its balance sheet through one of the largest energy infrastructure deals globally.
Saudi Arabia raised the local price for Octane 95 to 2.10 riyals from 2.02 riyals last quarter and Octane 91 to 1.44 riyals from 1.37 riyals per litre, state oil firm Saudi Aramco said on Saturday. The change goes into effect on Sunday (April 14), the company said in a statement,
If the beggar is not physically disabled, or if he/she has an apparent source of living, or if the beggar had fabricated being injured with wounds or permanent disabilities.
On the occasion of World Tuberculosis Day, observed on March 24 each year, MoHAP stated that the global day is being marked under the theme, “Yes! We can end TB!”
Gandhi, who represented a constituency in southern Kerala state as a member of the Congress party, was disqualified from his membership in the lower house of Parliament from March 23, the date of his conviction, the statement said.