Lawrence Person's BattleSwarm Blog 9/14/2019
Bad news for the world economy, good news for American oil producers:
Saudi Arabia’s oil production has been severely disrupted by drone attacks on two major oil facilities run by state-owned company Aramco, reports say.
Sources quoted by Reuters and WSJ said the strikes had reduced production by five million barrels a day – nearly half the kingdom’s output.
The fires are now under control at both facilities, Saudi state media say.
A spokesman for the Iran-aligned Houthi group in Yemen said it had deployed 10 drones in the attacks.
The spokesman, Yahya Sarea, told al-Masirah TV, which is owned by the Houthi movement and is based in Beirut, that further attacks could be expected in the future.
Snip.
Aramco is not only the world’s biggest oil producer, it is also one of the world’s most profitable businesses.
The Khurais oilfield produces about 1% of the world’s oil, and Abqaiq is the company’s largest facility – with the capacity to process 7% of the global supply. Even a brief or partial disruption could affect the company, and the oil supply, given their size.
More:
https://www.battleswarmblog.com/?p=41924