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Aramco’s Oil Disruptions Could Last Months: Analyst
Oilprice.com ^
| 09-16-2019
| Juli
Posted on 09/16/2019 3:01:32 PM PDT by bananaman22
Saudi Arabias disrupted oil production may last longer than originally thought, Amrita Sen, chief oil analyst at Energy Aspects Ltd., told Bloomberg on Monday, with full resumption of oil production perhaps not returning for weeksor even months.
Saudi Arabia, too, is holding a more reserved position that initially thought, believing now that less than half the capacity at the Abqaiq processing plant can be restored quickly, according to Bloomberg sources that spoke on condition of anonymity. One of the longer lead-time items of the restoration are Abqaiqs stabilization towers that separates out the dissolved gas from the crude oila distillation process that sweetens sour crude, if you will.
(Excerpt) Read more at oilprice.com ...
TOPICS: Business/Economy; Politics
KEYWORDS: aramco; djibouti; energy; eritrea; hassannasrallah; hezbollah; hydrocarbons; iran; lebanon; maga; money; oil; oilproduction; opec; sudan; yemen
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To: PA Engineer
[I wouldn’t be surprised if there is a steep uptick in beheadings over the next month, specifically of people from Hofuf. Production will be normalized long before the last head drops. ]
Do you think targeting info was provided by satellite photos (Google Earth or commercial sat), drones operated by locals or actual local workers (i.e. from Hofuf)?
21
posted on
09/16/2019 6:41:47 PM PDT
by
Zhang Fei
(My dad had a Delta 88. That was a car. It was like driving your living room.)
To: PA Engineer
“Production will be normalized long before the last head drops. “
When is that?
I predict April 2020, best case.
For the full 5.7 mil bbl/day.
22
posted on
09/16/2019 6:47:55 PM PDT
by
Mariner
(War Criminal #18)
To: Zhang Fei
I wouldn't be surprised if the facilities were scouted along with commercially available imaging. One of the most ubiquitous sighting are Bedouins driving white Toyota pickup trucks.
Tribal loyalties are a fact of life there. I would be surprised if there was not internal support.
Had they not touched the Khurais GOSP, I think it would have been harder to analyze.
23
posted on
09/16/2019 7:17:40 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media.)
To: Mariner
Have you worked in Kingdom?
24
posted on
09/16/2019 7:18:06 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media.)
To: PA Engineer
No.
But I drove by it a few times and it looked miserable. Everything in that part of the world sucks.
25
posted on
09/16/2019 7:20:28 PM PDT
by
Mariner
(War Criminal #18)
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