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HOUSTON (Reuters) – Production, exports and oil from Saudi Arabia have been disrupted after the attack on two major Aramco oil factories by drones, one of the largest crude oil refineries in the world.
A fire broke out Saturday at an oil facility managed by Saudi Aramco in Abqaiq, Saudi Arabia.
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Two sources close to the case said that the attack had affected the production of 5 million barrels of oil per day, which accounts for almost half of the Kingdom's production and accounts for about 5% of global oil supplies.
The attack of Abqaiq and Khurais before dawn caused many fires, but the kingdom later declared that he was able to control it.
State television said exports continued. Aramco has not commented yet. The Saudi authorities did not specify whether production or exports were affected by the attack.
The following facts relate to the company, including the details published this year on its financial position and operations.
* Oil reserves
Aramco, the largest oil company in the world, had 260.2 billion barrels of oil equivalent in 2017, more than Exxon Mobil, Chevron, Royal Dutch Shell, BP and Total combined.
* Oil production
The company produced 10.3 million barrels of oil a day last year, taking advantage of the world's lowest crude oil production cost of $ 2.8 per barrel, according to company documents. It also produced 1.1 million barrels of natural gas liquids and 8.9 billion standard cubic feet of natural gas per day.
* Oil exports
Aramco provided Asian buyers about three-quarters of its crude oil exports last year, as demand grew faster than any other region in the world. Customers from Aramco include China, India, South Korea, Japan and Taiwan. Its shipments to North America amounted to more than one million bpd last year and 864,000 bpd to Europe.
* Oil refinery
Aramco has oil production, refining and exporting operations in Saudi Arabia, but has refining operations worldwide. Saudi Aramco's Motiva refineries own 607,000 barrels a day from the Fort Arthur, Texas plant, the largest in the United States.
Aramco is also increasing its crude oil refining and sales capacity in the Asian continent, particularly in fast-growing countries such as China and India. Last year, the company's net refining capacity was 3.1 million barrels a day.
* Proliferation
With a workforce of 76,000 in 2018, Aramco has energy production operations, research facilities and offices around the world, including Asia, Europe and the Americas. The company has offices in Beijing, New Delhi, Singapore, New York, London, Houston and other areas.
Prepared by Moaz Abdel Aziz for the Arab Bulletin
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