These Saudi firms report feedstock supply shortage

Several Saudi-listed companies said some of their subsidiaries and plants in the Kingdom have seen a cut in feedstock supplies as of Sep. 14, 2019.

Drone attacks sparked fires at two Saudi Aramco oil facilities in Abqaiq and Hijrat Khurais at 4am on Saturday, Sept. 14, Argaam reported.

Read: Fire at two Aramco facilities under control

A temporary production halt has resulted from the drone attacks, Energy Minister Prince Abdulaziz bin Salman said. The attacks have reduced the company’s crude oil supply by around 5.7 million barrels per day or about 50 percent of its output. Part of the reduction will be compensated for by withdrawing from Aramco’s oil stocks, he added.

Saudi Companies To Be Affected By Feedstock Supply
Company	Effect	Details
SABIC	A shortage in some feedstock supply (varying percentages with an average of 49%) for some affiliates.	More details
Yansab	A shortage in feedstock supply (varying percentages with an average of 30%)	More details
Saudi Kayan	A shortage in feedstock supply for the company’s plants by 50%	More details
Petrochem	A shortage in feedstock supply for the company’s project by 40%	More details
Tasnee	A shortage in some feedstock supply for the company’s affiliates in Jubail varying percentages with an average of 41%)	More details
SIIG	Stable work without a shortage in feedstock. Regarding its stake in Petrochem; the shortage has reached 40%	More details
Advanced	A shortage in feedstock supply for the company’s two plants by 40%	More details
Sipchem	A shortage in some feedstock supply (varying percentages with an average of 40%) for some affiliates.	More details
Nama	No shortage in feedstock supply exists until now	More details
Sadara Basic Services	A shortage in some feedstock in its mother company (Sadara Chemical Co.) (varying percentages with an average of 16%)	More details

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