Saudi Arabia decides to cut oil production by 50% after attack oil installations
Saudi Arabia has cut oil and gas production by 50% following drone strikes on two Aramco oil installations.
Riyadh, Sept 15 (HAMS) Saudi Arabia has cut oil and gas production by 50% following drone strikes on two Aramco oil installations.
Saudi Arabia’s Minister of Energy, Abdul Aziz bin Salman, said Saturday that crude oil production has dropped by 57 million barrels a day, about 50 percent, due to a drone strike, reports British broadcaster CNBC.
Prince Abdul Aziz said in a statement to the Saudi Press Agency that the attack temporarily postponed production at the Aqeeq and Kharees plants. He said the cuts in oil production would be compensated for by Aramco’s oil reserves. However, Aminaku’s chief executive officer (CEO) Amin Nasir said no casualties were reported in the attack.
Yemen’s Houthi rebels have claimed responsibility for the attack, saying it was one of the major attacks in Saudi Arabia. A Houthi spokesman said:
“We promise the Saudi government that in the future our campaign will expand and as long as its offensive siege continues, it will be more painful.” 10 drones have been deployed for the attack. “