Riyadh – Mubasher: The National Petrochemical Company (Petrochem) announced a 40% curtailment of feedstock supplies in the company’s project.
Petrochem said that it is difficult to determine the financial impact at the moment, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Sunday.
The company will disclose any relevant developments in accordance with the relevant rules and regulations.
Earlier on Sunday, the Saudi Basic Industries Corp. (SABIC) announced a curtailment of feedstock supplies for some of its Saudi-based subsidiaries starting from Saturday, 14 September 2019.
On Saturday, the Saudi interior ministry controlled two fires in two of Aramco’s facilities in Abqaiq and Khurais as they were targeted by drones.
In a statement on Sunday, the kingdom’s Energy Minister Prince Abdulaziz bin Salman said that the attacks halted Aramco’s crude oil supply by 5.7 million barrels a day or 50% of its output, while part of the reduction will be compensated through the company’s oil reserves.
