Saudi minister: 50% of crude reduction restored
AP
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(Photo: AP)

Saudi Arabia’s energy minister says 50% of the production cut by the attack on its oil processing plant has been restored.

Prince Abdulaziz bin Salman made the comments Tuesday night at a news conference in Jiddah.

The attack Saturday struck a Saudi oil field and the world’s largest crude oil processing plant, which knocked out 5.7 million barrels of crude oil production per day for the kingdom, or about 5% of the world’s daily production.

The prince added that within this month, production capacity will be up to 11 million barrels per day by the end of September. It had been around 9.6 milllion barrels per day before the attack.

Yemen’s Houthi rebels, whom a Saudi-led coalition have been fighting since March 2015, claimed the attack. However, US and Saudi officials say they believe Iran carried out the assault, something denied by Tehran.

Egypt’s foreign minister says his country is standing by Saudi Arabia following the weekend attack on major oil sites in the kingdom.

Sameh Shoukry is calling on the international community to collectively back Saudi Arabia and identify who was responsible for the attacks on a Saudi oil field and the world’s largest crude oil processing plant.

He spoke Tuesday in a press conference in Cairo alongside France’s Foreign Minister Jean-Yves Le Drian.

Shoukry says Egypt also backs efforts to de-escalate the situation and prevent a “border military confrontation that will have devastated consequences on the region.”

The attack, claimed by Yemen’s Iranian-allied Houthi rebels forced a suspension of 5.7 million barrels of Saudi crude a day and 2 billion cubic feet of gas.

Saudi Arabia has instructed clerics across the country to focus their upcoming Friday sermons on the recent attacks that struck key oil installations in the kingdom’s east.

The Islamic Affairs Ministry says the sermons should “emphasize the blessing of security and stability that God has bestowed upon the kingdom of Saudi Arabia” and the “need to rally around its wise leadership,” as well as to ask for God’s protection of the country and to respond to enemies where they are.

The ministry said its efforts are aimed at raising awareness about the dangers facing Saudi Arabia and the importance of supporting its rulers.