07:03 GMT09 August 2020
Listen Live
    Business
    Get short URL
    51111
    Subscribe

    The energy minister also announced that the country's oil market is expected to be fully back online by the end of September.

    Saudi Minister of Energy Prince Abdulaziz bin Salman has declared that oil supply is fully back online after the devastating attack against two Aramco facilities that were allegedly carried out by Yemeni Houthi rebels drones on 14 September.

    The minister added that the county's oil market is expected to be fully back online by the end of this month, adding that the kingdom will remain a secure supplier of global oil markets, and that Saudi authorities will take strict measures to prevent further attacks.

    News of this development come as Aramco allowed its employees to enter one of the stricken installations for the first time since the attack.

    On 14 September, two compounds belonging to Aramco caught fire after being hit by drone strikes.

    The company had to shut them down, which resulted in a sharp drop in Saudi Arabia's net oil output and a subsequent spike in global oil prices. 

    Despite the fact that responsibility for the attack was claimed by the military wing of Yemen's Ansar Allah movement, also known as the Houthis, the United States has blamed Iran for this incident instead, with Tehran stringently denying the accusations.

    Tags:
    aftermath, drone strikes, oil production, Aramco, Saudi Arabia
    Community standardsDiscussion