Tag Archives: Saudi Arabia

Saudi Arabia has positioned itself as the swing supplier in global markets for decades.

The Khurais facility is now producing over 1.3 million barrels per day. while the Abqaiq plant is producing approximately 3 million.

Saudi state oil firm Aramco has told Japanese refiner JXTG Nippon Oil &. Energy about a possible change in shipment. raising concern about the kingdom’s ability to supply crude oil a week after attacks on its refineries.

Saudi'.s oil production from Khurais is now at more than 1.3 million bpd.

Aramco held kickoff meetings with the top banks in Dubai last week.

Aramco is moving fast to add banks in junior roles on the deal after choosing the top underwriters last week.

The attacks halved the crude output of the world'.s top oil exporter. by shutting down 5.7 million barrels per day.

The unprecedented attack knocked out more than half of Saudi crude output. or five percent of global supply.

Aramco already brought back part of the lost production and will return to pre-attacks level end of September.

Energy Minister Prince Abdulaziz bin Salman announced production would be back online to normal levels by the end of the month.