Aramco restores production capacity to normal levels

Saudi Arabian Oil Co. (Saudi Aramco) has restored its production capacity to normal levels after attacks on Abqaiq and Khurais plants, Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz told Saudi Press Agency.

“Aramco maintained a faster than expected recovery after the Sept. 14 attacks on its oil facilities,” the minister added, describing the company’s performance as “exceptional”. 

The ethane gas output is now at 900 million standard cubic feet, while the total current domestic demand is 940 million standard cubic feet per day. The ethane supplies shortage is currently at 4.5 percent.

“The Shaybah oil field will help fulfilling the local demand by end of this week,” the minister noted. 

He confirmed that supplies of natural gas, including propane, butane and natural gasoline are now back to normal levels. 

“The current output of natural gas liquids stands at 880,000 barrels per day, versus a local demand of 792,000 barrels per day,” he indicated. 

The energy minister also said that with the operation of natural gas liquids plant at Shaybah oilfield, output will reach 960,000 barrels per day by the end of the week.

Source: argaam.com

Tags: contracts, oil, hydrocarbon production, legislation, Top management, energy market, добыча нефти, foreign affairs, oil transit

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