SANAA, The air forces of the army in the early morning on Saturday attacked two plants at the heart of Saudi Arabia's oil industry which affiliated to Saudi Aramco in the eastern Province in Abqaiq and Khurais , which it is including the world's biggest petroleum processing facility.
Riyadh, the world's top crude exporter, has built five giant underground storage facilities across the country that can hold tens of millions of barrels of various refined petroleum products.
Abqaiq lies 60 km southwest of Aramco's headquarters in Dhahran in the Eastern Province and has the world's largest oil refinery. The facility processes crude oil from the giant Ghawar field before transporting it for export to Ras Tanura.
The largest oil loading facility in the world, Jaima. West refinery production also reaches export terminals on the Red Sea.
While in Khurais, 190 km southwest of Dhahran, is home to Saudi Arabia's second-largest oilfield.
Saudi Arabian Oil Company (formerly Arabian-American Oil Company), is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia.I t is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world, Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels and second-largest daily oil production.
Saudi's energy infrastructure has been hit by the Huthis many times before, but this strike is of a different order, abruptly halting 5.7 million barrels per day (bpd) or about six percent of the world's oil supply.
Two sources close to the matter said 5 million barrels per day of crude production had been impacted � close to half of the kingdom's output or 5% of global oil supply.
United Nations envoy Martin Griffiths said in a statement that the Houthi military escalation was extremely worrying and urged all parties to exercise restraint.
He added, extremely concerned over the latest attacks, which also drew swift condemnation from Riyadh's Gulf allies, the United Arab Emirates, Bahrain and Kuwait.
The Palestinian presidency also condemned what it called the terrorist attack and said it considered it a dangerous escalation that heightened tension in the region. The statement expressed the Palestinian Authority's support to Saudi Arabia in the face of terrorist attacks. The statement expressed the Palestinian Authority's support to Saudi Arabia in the face of terrorist attacks.
A successful attack on Abqaiq would be akin to a massive heart attack for the oil market and global economy, said Bob McNally, who runs Rapidan Energy Group and served in the U.S. National Security Council during the second Gulf War in 2003.
This is a relatively new situation for the Saudis. For the longest time they have never had any real fears that their oil facilities would be hit from the air, Kamran Bokhari, founding director of the Washington-based Center for Global Policy, told Reuters.
The United States will work with our partners and allies to ensure that energy markets remain well supplied and Iran is held accountable for its aggression, the top US diplomat added.
Aramco has said it will dip into its stocks to offset the disruption, but the incident could batter investor confidence as its stock market debut looms.
Army's spokesman Yahya Sare'e warned on behalf of the armed forces companies and foreigners are present in the refineries of Abqaiq and Khurais in eastern Saudi Arabiahe stressed that those sites are still within the range of the army aims.
He said that our operation is the second deterrent equilibrium that targeted refinery in Abqaiq and Khurais, it was implemented with a number of aircraft types that operate with different engines and new between ordinary and jet.
We warn companies and foreigners from being present in the factories that have been hit by our strikes because they are still under our target and may be affected by targeting at any moment Sare'e added.
Sare'e emphases We affirm to the Saudi regime that we can reach wherever we want, at the time we set.
The Saudi should review his accounts and stop its aggression and siege on Yemen he added.
Source: Yemen News Agency