finance
TotalEnergies Saudi Refinery Hit by Drones, Operating at 70 Percent Capacity
A TotalEnergies refinery in Saudi Arabia sustained drone strikes and continues to run below full capacity. The chief executive said repairs are unlikely to finish before early 2027.
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A TotalEnergies refinery in Saudi Arabia was struck by three drones and remains at 70 percent operating capacity, the company's chief executive said.
The chief executive stated that full repairs are not expected until early 2027. Damage assessments and repair timelines were announced alongside the capacity figure.
Officials have not released details on the date of the strikes or the parties responsible. The company continues to monitor output levels while maintenance work proceeds.
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