Minister of Energy confirms return of oil supplies following blatant sabotage act against oil facilities in Abqaiq and Khurais 4 Jeddah

Wednesday 1441/1/19 - 2019/09/18
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Prince Abdul Aziz bin Salman bin Abdul Aziz, the Minister of Energy, said, "The assessment of the losses will be carried out by Aramco, and will be reviewed by the Board of Directors of the company, and will be considered by the government ..." He stressed that updating prices for local products has a system and method of calculating them retroactively and not with a future effect. The change in these two days will have no effect, he said.
He said that there will be no decline in September for the Kingdom's exports, which means that income will not be affected, income as it is this month, and the next month, and next, as for stocks, we will have during this period until the end of September, in fact before the end of September, we will have untapped production capacity, which we take into account that it will restore the stock status to what it was before.
Prince Abdul Aziz bin Salman explained that the reason why Aramco is doing its duty in this way is a system followed by the late King Abdulaziz and all kings of the Kingdom to enable the company to operate in a commercial manner and the state to be a regulator. This rule has been respected by the kings of the Kingdom including Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and HRH the Crown Prince.
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02:51 LOCAL TIME 23:51 GMT
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