Drone attack on Saudi oil units - MRPL unaffected for present

Andrew Cummings
September 17, 2019

It also exceeds the loss of Iranian oil production in 1979 during the Islamic Revolution, according to the IEA.

It is still unclear how long it will take to restore Saudi Arabian oil production. The Guard shot down the USA drone on June 20. Experts describe Iran as relying on so-called nonattributable attacks, when blame is hard to assign given the circumstances.

State TV quoted Khamenei as saying: "Iranian officials will never talk to America. this is part of their (U.S.) policy to put pressure on Iran. their policy of maximum pressure will fail".

Khamenei said the USA wants to prove its "maximum pressure policy" against Iran is successful. He also wants Iran to stop supporting regional proxies, including the Houthis.

"We have a lot of options but I'm not looking at options right now".

"We have some elements on the attack that are not ours that we are studying, but we want to check with our own sources and it takes time", a French diplomatic source said on Tuesday.

The Saudi Press Agency said the sermons were to be aimed at raising awareness "about the dangers facing our country at home and abroad" and to call for Saudi citizens to "rally around their leadership and work for the benefit of their homeland".

The threat of a USA assault on Iran paving the way to a third world war must be answered through a politically conscious and independent intervention of the working class to put an end to imperialism and reorganize society on socialist foundations.

The Saudis invited the United Nations and other global experts to help investigate, suggesting there was no rush to retaliate and that the kingdom is looking for an internationally backed response to the attack. Officials said the photos show impacts consistent with the attack coming from the direction of Iran or Iraq, rather than from Yemen to the south. Riyadh says Tehran arms the group, which has fired missiles and drones on Saudi cities, a charge both deny.

The cuts mean there will be 5.7 million less barrels of crude oil produced every day and this represents more than five percent of global daily production. The cabinet urged the world to confront those threats "regardless of their origin".

Ten unmanned drones damaged one of the Saudis' flagship fields and a key processing complex Saturday, triggering one of the wildest bouts of trading seen in oil markets.

US President Donald Trump declared Monday that Tehran was likely behind the strikes on Saudi oil facilities, but that he wanted to be sure and he hoped to "avoid" war.

However, dollar-denominated bonds issued by the Saudi government and Aramco rebounded on Tuesday, in a sign investors' concern may be abating.

The attack is a major test for Saudi Arabia as it could dampen investor confidence ahead of Aramco's mammoth stock flotation, a listing the government hopes will generate up to $100 billion to fund economic diversification projects.

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