Sadara says feedstock supply shortage down to 10%

Sadara Chemical Co. has announced an improvement in feedstock supply from state-owned Saudi Aramco, as the shortage declined to nearly 10 percent from 16 percent.

Read: Sadara sees 16% feedstock shortage

Feedstock supplies are likely to reach normal levels by the end of September, as stated by the Ministry of Energy, the company added.

Sadara will eventually disclose the relevant financial impact and updates, in line with related regulations, the statement added.

"Due to planned maintenance activities and existing inventory levels at Sadara, the curtailment of feedstock has no major impact on production, and thus no material financial impact is expected," the company added.

Terrorist attacks on Saudi Aramco’s facilities in Abqaiq and Khurais on Saturday had led to a temporary production halt.

Nevertheless, Energy Minister Prince Abdulaziz bin Salman said Tuesday that Saudi Arabia’s oil supplies have returned to their levels prior to the terrorist attacks.