Aramco Suspends 50% of Production

September 15, 2019

Saudi Arabia has temporarily halted production at two Aramco oil facilities that were attacked by Yemeni rebels, interrupting about half of the company’s total output.

Saudi Aramco said the production of 5.7 million barrels of crude a day had been suspended after drone attacks on the world’s largest oil processing plant at Abqaiq – near Dammam in the Eastern Province – and the country’s second-largest oilfield at Khurais, about 200 kilometers away.

Earlier, the oil giant said that emergency crews contained fires at its plants.

After visiting the incident locations, Amin H. Nasser, Saudi Aramco President & CEO, said: “We are gratified that there were no injuries. I would like to thank all teams that responded timely to the incidents and brought the situation under control. Work is underway to restore production and a progress update will be provided in around 48 hours.”

The company, which pumped about 9.8 million barrels a day in August, will be able to keep customers supplied for several weeks by drawing on a global storage network.

The Saudis hold millions of barrels in tanks in the kingdom, and in Rotterdam in the Netherlands, Okinawa in Japan, and Sidi Kerir on the Mediterranean coast of Egypt.

Logistics News

Port Houston Sees Strong Container Volumes for June, Steel Rebounds

Port Houston Sees Strong Container Volumes for June, Steel Rebounds

Red Sea Shipping Insurance Rises After Houthis Announce Blockade

Red Sea Shipping Insurance Rises After Houthis Announce Blockade

Steel Billionaire Vladimir Lisin Sells Sea of Azov Shipping Firm

Steel Billionaire Vladimir Lisin Sells Sea of Azov Shipping Firm

Russian Wheat Export Prices Soar Amidst Escalating Hostilities

Russian Wheat Export Prices Soar Amidst Escalating Hostilities

Subscribe for Maritime Logistics Professional E‑News

A northern city lost trains to London on the day Andy Burnham became UK PM
Sources: Russian steel magnate sold shipping firm in Sea of Azov
EU wheat is flattened on signs that Russian/Ukrainian attacks at ports are not escalating