Saudi Aramco Resumes Oil Loadings

Monday, 16th September 2019
by Editorial Team

Haradh, SAUDI ARABIA: A general view shows a new plant inaugurated 22 March 2006 in Haradh, about 280 kms (170 miles) southwest of the eastern Saudi oil city of Dhahran, launching a project adding 300,000 barrels of oil to the kingdom’s daily production capacity. The facility which was opened today in a ceremony attended by Saudi Oil Minister Ali al-Nuaimi was completed in January, ahead of schedule, the company said. Approximately 160 kms (100 miles) of new pipeline and extensions will transport crude and gas products to processing facilities further north in the Eastern Province, a statement said. Saudi Arabia, the world’s top crude producer and exporter, currently pumps around 9.5 million bpd of oil and has a production capacity of around 11 million bpd. AFP PHOTO/STR (Photo credit should read -/AFP/Getty Images)

Saudi Aramco has reportedly told some of its clients that vessel loading has resumed following disruptions caused by recent drone attacks on oil facilities in Khurais and Abqaiq, according to Reuters.

The Saudi Oil Supply Planning and Scheduling (OSPAS) department said that loading operations were in progress.

Moreover, Reuters cited sources in major Asian refineries saying that oil tanker loading was normal as of September 16.

Attacks on Aramco’s largest Saudi oilfields in Khurais and the world’s biggest crude processing facility at Abqaiq have partially halted the company’s production, reducing Saudi oil output by more than half, specifically around 5.7 million barrels per day (b/d), which makes for about 5% of global oil supply.

There were no casualties from the attacks, according to Saudi Aramco CEO Amin Nasser.