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Reuters
Facts on Saudi oil sector after Houthi attack on Shaybah field
Bloomberg today highlighted the Saudi oil sector and its potential, following the attack of the Houthi group Ansar Allah on a Saudi oil facility located near the Saudi-UAE border.
The agency said the oil fields in the kingdom are responsible for nearly one-tenth of the world's crude oil production and are now about to fire, evoking the impact of the attacks. on the Saudi oil sector on global oil supplies.
Aramco is the largest oil exporter in the world and Saudi Arabia has more than 100 crude oil fields containing 275 billion barrels of proven reserves.
Saudi Arabia is able to pump up to 12 million barrels of oil a day, while its output was 10 million barrels in the first half of this year, meaning it has an unused capacity of 2 million barrels a day. barrels a day, Bloomberg said.
The agency says Riyadh retains this unused capacity to deal with any possibility of declining oil supplies, noting that "Aramco" daily exports up to 7 million barrels of crude, which demonstrates its importance in the global oil markets.
According to Bloomberg, about three quarters of Aramco's daily output comes from four major deposits – Ghawar, Khurais, Safaniyah and Shiba.
Source: Bloomberg
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