The smoke from the fires caused by drone attacks on two Saudi oil facilities could be seen from space
Two major Saudi oil refineries were attacked by a 10-drone strike claimed by Yemen's Houthi rebel group. The smoke from the fires caused by the strikes can be seen in a satellite image from NASA Worldview. The two oil refineries are run by the world's biggest oil producer, Saudi Aramco. The destruction could have a detrimental effect on the world's energy supply. Visit Business Insider's homepage for more stories.
Yemen's Houthi rebel group has claimed responsibility for drone strikes on two Saudi oil refineries that are run by world's biggest oil producer, Saudi Aramco. The Trump administration quickly laid blame for the strikes on Iran, which backs Houthi forces. Read more: The world's largest oil plant in Saudi Arabia was attacked by 10 explosive drones ahead Aramco's plans for the biggest IPO ever The fires, which have since been controlled, were so large that the smoke could be seen from space. Keep reading for a look at the aftermath.SEE ALSO: Saudi Aramco is gearing up for what could be the largest IPO ever. Here are 10 public offerings its massive listing would dwarf. DON'T MISS: President Donald Trump has confirmed the death of Hamza bin Laden — the son of Osama bin Laden Earlier Saturday, two Saudi oil facilities were set on fire by a 10-drone strike claimed by Yemen's Houthi rebel group.
The smoke from the fires could be seen from space.
Saudi Arabia says it has contained a fires after two large #oil facilities were attacked with drones: the Abqaiq processing center and the Khurais oilfield (video is Abqaiq) | #OOTT #SaudiArabia 🇸🇦 ⛽️🛢 https://t.co/giszwoMSFB pic.twitter.com/F3CBdYXaQG— Javier Blas (@JavierBlas) September 14, 2019
Source: AP Images According to the Wall Street Journal, people familiar with the matter said that Saudi Arabia was forced to shut down around half of its oil output following the attack.
Source: The Wall Street Journal Aramco said the shutdown will mean a loss of about 5.7 million barrels a day — approximately 5% of the global daily crude oil production.
Source: The Wall Street Journal According to a CNN report, OPEC figures from August put the kingdom's total production at 9.8 million barrels per day which is nearly 10% of the total daily global supply.
Source: CNN There is still no word on the conditions of the oil refineries which are run by the state-owned oil company Saudi Aramco.
As Business Insider previously reported, Saudi Aramco has been preparing for what could be the world's largest initial public offering. Prior to the attacks, it was reported that the company, which could be worth $2 trillion, was planning to list as much as 5% of its shares between 2020 and 2021. While The Wall Street Journal reported that Saudi officials hope to bring the production rate back to normal by Monday, there is no clear timetable.
Source: The Wall Street Journal The destruction of both oil facilities could have a detrimental effect on the world's energy supply. An analysis by the BBC found that the Khurais oilfield produces about 1% of the world's oil while the company's largest facility, Abqaiq, has the capacity to process 7% of the global supply.
President Donald Trump and Saudi Crown Prince Mohammed bin Salman spoke about the attacks Saturday over the phone. The Saudi Press Agency released the following statement: "During the conversation, the US President reasserted his country's readiness to cooperate with the Kingdom, by all means conducive to maintain its security and stability, reaffirming that the negative effects of the attacks (on two Aramco's facilities) on the US economy as well as the world economy."