WSJ: HUNDREDS OF MILLIONS OF DOLLARS NEEDED TO REPAIR ARAMCO FACILITIES




Serhat TUNAR -TDO- According to the United States-based Wall Street Journal, the damage to the two facilities of the Saudi Aramco company is far greater than anticipated.

As is known, the Saudi Arabian government announced that it would take about 10 weeks to repair the facilities. However, according to WSJ, the repair work is expected to last for months and requires hundreds of millions of dollars.

Fahad Abdulkerim, Aramco's southern operations representative, announced the shipment of equipment from the United States and Europe to rebuild damaged facilities. Saudi authorities, however, estimate that it will take approximately one year to secure and install these equipment.

Speaking to the WSJ, a Saudi official said it needed millions of dollars to repair. He added that although the attack on the oil facilities leaves heavy damage, the company will continue to meet the supply. He believes the company will recover quickly, adding that markets will be secured.