Reports published today by the Saudi Energy Ministry indicate that the harm to the kingdom’s oil industry went far beyond the disruption caused by the Strait of Hormuz crisis. According to the reports, Iran also managed to hit Saudi Arabia’s main alternative route for oil exports.

Saudi authorities say damage was caused to a pumping station on the East-West oil pipeline, known as Petroline, as well as to two additional oil fields. In total, about 1.3 million barrels were reportedly removed from the market — a figure roughly equal to the oil production of Libya or Qatar. At a time of major instability in global energy markets, every drop in production has led to immediate upward pressure on oil prices.

Saudi officials also say that major refineries in the kingdom, including Ras Tanura and Yanbu, suffered direct hits. That means the impact is not limited to crude oil alone, but also affects exports of jet fuel and diesel. Based on these estimates, Saudi Arabia may have lost around $130 million per day, or roughly $4 billion over a month of fighting, from lost crude sales alone. Repairing the damaged pipeline and refineries is expected to require massive investment, although Saudi authorities have not yet released precise figures.