Saudi Arabia is racing to restore operations at two Saudi Aramco oil plants that were hit by drone attacks on September 14. The attacks slashed its production by a half.
The explosions set off fires that engulfed the Abqaiq plant - - the world's largest oil processing facility - - and nearby Khurais, which hosts a massive oil field.
According to a report by The Wall Street Journal, Saudis are hoping to restore around one - third of the disrupted production by the end of September 16.
The Kingdom is focusing on restoring the production at the two plants as the Saudi bourse slumped 3 percent as the week's trading began on September 15 morning.
Saudi's energy infrastructure has been hit by the Huthis many times before, but this strike was of a different order, abruptly halting 5. 7 million barrels per day (bpd) or about 6 percent of the world's oil supply.
Also read: Oil prices soar more than 10% after Saudi plant attacks
The full extent of the damage and type of weapons used was unclear. Reporters were kept away from the plants amid beefed - up security. Saudi Interior Ministry spokesman Mansour al - Turki told AFP there were no casualties in the attacks.
Saudi Aramco said it would dip into its reserves to offset the disruption, but the incident could affect investor confidence as its stock market debut loomed.
As markets closely watch Saudi's ability to get its industry back on track, Aramco CEO Amin Nasser said on September 14 that "work is underway" to restore full production.