Saudi Arabia said Tuesday (September 17th) its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two installations that slashed its production by half, AFP reported.
Energy Minister Prince Abdulaziz bin Salman said that the kingdom -- the world’s top energy exporter -- had dipped into its strategic reserves to maintain supply to clients.
"I have good news for you... the oil output to international markets is back to what it was before the attack," he said from the Red Sea city of Jeddah.
"During the past two days the damage was contained and 50% of the production has been recovered," he added. "Production will be back to normal by the end of September."
Prince Abdulaziz said the kingdom would achieve 11 million barrels per day (bpd) capacity by the end of September and 12 million bpd by the end of November.
