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|Drones Hit Worlds Largest Refinery by OBJlive: 1:57pm On Sep 15, 2019|
In a statement carried by the Saudi Press Agency (SPA) on Sunday, Energy Minister Prince Abdulaziz bin Salman acknowledged that the attacks on Aramco refineries in Abqaiq and Khurais, east of Saudi Arabia, had cut the state oil giant’s crude oil supply by around 5.7 million barrels per day, or about 50 percent of its output.
He added, however, that parts of the reduction would be compensated for through drawing from Aramco’s oil stocks.
The minister noted that the attacks had also led to a halt in gas production that will reduce the supply of ethane and natural gas liquids by 50 percent.
Yemen used 10 drones for Saturday’s operation, which was one of their largest retaliatory attacks ever inside the kingdom.
Yemen’s armed forces spokesman Brigadier General Yahya Sare’e has even warned that operations will “expand” and be “more painful” as long as Saudi Arabia continues its military aggression.
Saudi stocks tumble after Yemen raids
In the aftermath of the successful Yemeni operation, Saudi shares dropped three percent at the start of trading Sunday, the first session after the drone attacks.
The Arab world’s largest capital market shed some 200 points in the first few minutes after the opening bell, before regaining some of the losses.
The key energy sector plunged 4.7 percent, while the telecom and banking sectors each slid three percent.
|Re: Drones Hit Worlds Largest Refinery by Jasseyfrd(m): 2:27pm On Sep 15, 2019|
Let the game begins
|Re: Drones Hit Worlds Largest Refinery by HRHQueenPhil(f): 6:04pm On Sep 15, 2019|
Ehh..pls they shld leave my dream company for job/investments oh..Saudi won't take this sitting
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