Saudi Arabia’s oil production was cut by half after a swarm of explosive drones struck at the heart of the kingdom’s energy industry and set the world’s biggest crude-processing plant ablaze.
Iran-backed Houthi rebels in Yemen, who’ve launched several drone attacks on Saudi targets in the past, claimed responsibility for the assault on the kingdom’s Abqaiq plant.
About 5.7 million barrels per day of output has been suspended, Saudi Aramco said in a statement. “Work is underway to restore production and a progress update will be provided in around 48 hours,” said Amin H. Nasser, Aramco’s President and Chief Executive Officer.
That has affected about half of Saudi Arabia’s oil production. Gas output was also disrupted, with two billion cubic feet in daily output, about half of normal production, stopped by the attack, a news agency said, citing the kingdom’s Energy Minister Abdulaziz bin Salman.
Operations in Abqaiq and Khurais are halted for now.