Saudi Oil Capacity Recovers Faster Than Expected From Attack
- Aramco’s production capacity has reached 11.3 million b/d
- Abqaiq and Khurais facilities are back at pre-attack levels
Workers pass oil transport pipes at Saudi Aramco's Abqaiq crude oil processing plant following a drone attack in Abqaiq, on Sept. 20.
Photographer: Faisal Al Nasser/BloombergThis article is for subscribers only.
Saudi Arabia is recovering faster than expected from the biggest attacks ever on its oil industry, beating its own target for restoring capacity by about a week.
State oil producer Saudi Aramco has boosted total production capacity to more than 11 million barrels a day, according to people with knowledge of the situation. The news helped to push crude down by as much as 1.8% in London as the kingdom’s efforts to resolve the worst disruption of output in history help avert a global supply crisis.