Saudi oil production surges back to 75 percent of pre-attack level

An Aramco tank is seen at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Picture taken May 21, 2018. (Reuters)
Updated 24 September 2019

Saudi oil production surges back to 75 percent of pre-attack level

  • We can deal with effects of ‘cowardly sabotage,’ king says of drone and missile attacks
  • Two Aramco plants were hit in drone and missile attacks on Sept. 14 that caused fires and significant damage, halving the country’s oil output

JEDDAH: Saudi Arabia has restored more than 75 percent of the production lost after attacks on two oil processing plants and will return to full capacity next week.

The Khurais facility is now producing more than 1.3 million barrels per day and the Abqaiq plant about 3 million, industry sources said. 

Both Aramco plants were hit in drone and missile attacks on Sept. 14 that caused fires and significant damage, halving the country’s oil output. The Kingdom’s ability to quickly restore production demonstrated an important degree of resilience to potentially damaging shocks, the ratings agency Moody’s said.

King Salman said on Monday that Saudi Arabia was able to deal with the effects of what he described as “this cowardly sabotage, that targeted the Kingdom and the stability of global energy supplies.”

He spoke after talks in Jeddah with King Hamad of Bahrain, who denounced the “serious escalation targeting the security and stability of the region.”

Meanwhile, the diplomatic focus on the fallout from the missile strikes moved to New York, where world leaders are gathering for the UN General Assembly. Saudi Arabia and the US have blamed Iran for the attacks, and they were joined on Monday by Britain.

“The UK is attributing responsibility with a very high degree of probability to Iran for the Aramco attacks. We think it very likely indeed that Iran was responsible,” British Prime Minister Boris Johnson said on his way to the US.

“We will be working with our American friends and our European friends to construct a response that tries to deescalate tensions in the Gulf region,” he said.

However, the UK risks opening a diplomatic rift with other European countries trying to salvage the Joint Comprehensive Plan of Action (JCPOA), the 2015 deal to curb Iran’s nuclear program in return for an easing of economic sanctions. Their efforts have so far failed, with the US withdrawing from the deal and reimposing sanctions.

French President Emmanuel Macron has refused to blame Iran for the Aramco attacks. “One must be very careful in attributing responsibility,” he said on his way to New York.

Macron, Johnson and German Chancellor Angela Merkel held talks on Monday to coordinate their Iran strategy before meetings with US President Donald Trump and Iranian President Hassan Rouhani.

Gulf states, the US, the Europeans and others needed to engage in “collective diplomacy” to defuse tensions, a senior GCC official said.

“The conversation should no longer be about the JCPOA, but Iran’s missile program and its regional misbehavior, which are as important if not more important — they have the potential to hold the region to ransom,” he said.


Pakistan ‘wants to play its role’ for peace in Middle East – FO

Updated 12 January 2020

Pakistan ‘wants to play its role’ for peace in Middle East – FO

  • Work on foreign minister’s visit to Saudi Arabia, Iran and the United States being done
  • Pakistan’s strong relations with regional countries has made it an important player

ISLAMABAD: Pakistan Ministry of Foreign Affairs reiterated on Thursday that the country was going to play its role in restoring peace in the Middle East by working with other international stakeholders in the region.

“Pakistan welcomes de-escalation and wants to play its role in ensuring peace and stability in the region. We have seen that indication in United States President [Donald] Trump’s speech and are evaluating its contours,” the country’s foreign office spokesperson, Aisha Farooqui, said in her weekly media briefing in Islamabad on Thursday.

She said that Pakistan’s geographical position, along with its strong relations with regional countries and the United States, had made it a significant player in the Middle East.

“Pakistan has maintained that war is not the solution to any issue and made it clear that it will not become part of any regional conflict,” she said.

The spokesperson noted that Islamabad had enhanced its efforts to defuse tensions in the region and Foreign Minister Shah Mahmood Qureshi had contacted his counterparts in Iran, Saudi Arabia, the United Arab Emirates, Turkey and many other important states in this connection.

“All the international players, including Saudi Arabia, have said that the region cannot afford another war and asked for restraint from both parties [the US and Iran]. It’s a collective objective of all countries to ensure peace and stability in the Middle East,” she said.

Commenting on the foreign minister’s upcoming visit to Iran, Saudi Arabia, and the US, she said that “work on these tours has already started and they will take place as soon as dates are finalized with the respective countries.”

“We are very mindful for our brotherly and friendly relations with Saudi Arabia, Iran, and other regional countries. Pakistan and the US also enjoy longstanding relations and have contacts with each other through multiple forums including political and military leadership,” Farooqui said, adding that the foreign office had established a task force to continuously monitor the situation in the Middle East and inform the government about it along with its suggestions on a daily basis.

The spokesperson expressed hope that recent developments in the Middle East would not affect the ongoing Afghan peace process.

“Pakistan hopes that progress made on Afghan peace process will not come to a halt and the world community will not lose its focus as a result of the ongoing tensions in the Middle East,” she said.

Asked about the safety of Pakistani nationals in Iraq, she said the country’s embassy in Baghdad was on the alert to deal with any emergency situation.

“We are concerned about the safety of Pakistani citizens in Iraq and have issued an advisory in this regard. We have also instructed our mission in Baghdad to remain vigilant to deal with any emergency,” Farooqui said.