Attacks that slashed half of Saudi Arabia’s oil output had “zero” impact on the kingdom’s revenue and won’t affect economic growth, Finance Minister Mohammed Al-Jadaan said.
The disruption to the kingdom’s all-important oil sector was temporary and spending will continue as planned, Al-Jadaan told Bloomberg TV in an interview on Wednesday in Riyadh.
“We are back online, so the interruption in terms of the economy, in terms of revenue, is zero,” he said. The kingdom has used oil reserves to fill the gap during the past few days,” he added.
Saudi Aramco said late on Tuesday that it had revived about 40% of capacity at a key crude-processing complex in Abqaiq, days after devastating aerial attacks wrecked vital equipment and rocked global energy markets.
