Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict.
The ministry said energy facilities and the pipeline affected by attacks during the conflict have recovered and restored operational capacity.
Saudi said on Thursday the attacks had cut its oil production capacity by around 600,000 barrels per day and throughput on its East-West Pipeline by about 700,000 bpd.
The East-West Pipeline has been Saudi Arabia's only crude export route amid the closure of the Strait of Hormuz. Reuters reported on Wednesday that Iran attacked the pipeline just hours after the ceasefire was agreed.
The ministry said it recovered affected volumes from the Manifa oilfield, where output had previously been reduced by around 300,000 bpd.
Work was ongoing to restore full output at the Khurais facility, after strikes on it reduced Saudi capacity by a further 300,000 bpd, the ministry said.
It said the quick recovery would enhance the "reliability and continuity of supplies to local and global markets."
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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