Pointing out that Saudi Arabia continues to lie about its oil production
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On September 14, 2019, a total of 19 oil production plant facilities in eastern Saudi Arabia were bombed by drones. OilPrice.com, a news media on oil and other energy resources, explains the situation of oil damage from Saudi Arabia, focusing on “Lies about oil production that Saudi Arabia has continued”.
Why The Saudis Are Lying About Their Oil Production | OilPrice.com
https://oilprice.com/Energy/Crude-Oil/Why-The-Saudis-Are-Lying-About-Their-Oil-Production.html
First of all, OilPrice.com emphasizes the low credibility of the official announcement of the Saudi Arabian petrochemical industry, saying, 'It was only as credible as the announcement about China's economic growth.' However, according to OilPrice.com, Saudi Arabia's “lie technology” has improved in recent years.
What is believed to be the latest lie with Saudi Arabia is the announcement that 'All is well after the drone bombing in September 2019, and oil production is expected to return soon.' This announcement cannot be clearly stated as `` lie '', but `` There are multiple questions '' is pointed out by Richard Marinson, senior analyst at Energy Aspects , a UK energy market consultancy .
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According to multiple sources such as Yemen's armed organization 'Fushi' and Iranian operatives who claim to have conducted this oil refinery plant bombing, Saudi Arabia's oil production has increased by 1 It is said that it fell 5.7 million barrels per day. This amount is expected to be equivalent to more than half of Saudi Arabia's crude oil production, the second largest oil producer in the world after the United States. Therefore, Saudi Arabia's official announcement that “all things are going well after the bombing” is questionable.
Abdulaziz bin Salman, who was appointed Saudi energy minister about a week before the bombing incident, said, `` By the end of September 2019, we will restore oil production to 11 million barrels per day, 2019 'We are planning a' full recovery 'with a production capacity of 12 million barrels per day by the end of November'. However, Marinson points out that the lie is hidden in this announcement.
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The indication is the word selection of the expression announced by Saudi Arabia. According to Marinson, in the official announcement, Saudi Arabia has a tendency to skillfully use words that have different meanings from “productive capacity” and “actual supply”. For decades, Saudi Arabia has announced that there is “2 million to 2.5 million barrels of production capacity” per day. The average “actual supply” is 10 million barrels per day, so when added to this production capacity, the “productivity” is 12 to 12 million barrels per day. However, the highest production ever recorded is just over 11 million barrels per day, and there is a gap between Saudi Arabia's claims and reality.
There are also questions about the definition of “capacity for production”. The United States Department of Energy (EIA) defines surplus production as 'production that can be distributed within 30 days and can be maintained for at least 90 days'. On the other hand, Saudi Arabia states that it takes at least 90 days to operate a new oil production facility, and there is a discrepancy between definitions in Saudi Arabia and the United States. From this information, oil market officials believe that Saudi Arabia's production capacity is between 500,000 and 1 million barrels per day, but it is difficult to understand the actual situation. It is also impossible to disprove the assertion that
By zambezi
Saudi Arabia is expected to limit domestic crude oil distribution in order to maintain export volume following the fall in oil production due to the bombing incident. In addition, Saudi Aramco , the state-owned oil company in Saudi Arabia, which boasts the world's largest oil reserves, crude oil production, and crude oil exports, has officially denied it, but it is backed up by multiple sources such as the Ministry of Energy in Iraq As a story, there is a possibility of taking the means of 'fake shipping Iraqi oil as Saudi Arabia fake'.
OilPrice.com also said, “Similarly to the way Iran has avoided US sanctions, Saudi Arabia could even pretend to be“ Iraqi oil ”,” this is the culprit of this drone bombing. It is said that it is the “best irony” for Saudi Arabia, which must use the same method as Iran suspected.
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