Recent attacks on Saudi Arabia halted operation at several energy facilities: Source

Attacks on Saudi Arabia resulted in a total reduction in the Kingdom’s production capacity to approximately 600,000 barrels per day, a source at the Saudi Ministry of Energy said on Thursday.

These attacks resulted in the death of one Saudi national from the industrial security personnel of the Saudi energy company and wounded seven other Saudi nationals from the company’s personnel.

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Attacks in recent weeks hit one of the pumping stations on the East-West Pipeline, leading to a loss of approximately 700,000 barrels per day in throughput, according to the official source. “This pipeline is considered the main route for supplying global markets during this period.”

The Manifa production facility was also targeted, resulting in a reduction of approximately 300,000 barrels per day from its production capacity.

The Khurais facility had previously been targeted, leading to a reduction of 300,000 barrels per day from its production capacity as well.

Other attacks targeted major refining facilities, including SATORP in Jubail, Ras Tanura refinery, SAMREF refinery in Yanbu, and Riyadh refinery, according to the source. Processing facilities in Ju’aymah were also impacted, which impacted exports of liquefied petroleum gas (LPG) and natural gas liquids.

“The continuation of these attacks leads to reduced supply and slows recovery, thereby affecting the security of supply for consuming countries and contributing to increased volatility in oil markets,” the source added. “This has already negatively impacted the global economy, particularly with the depletion of a significant portion of operational and emergency inventories, which has affected the availability of supplies and limited the ability to respond to this supply shortfall.”

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