Advanced sees 40% feedstock shortage

15/09/2019 Argaam

Advanced Petrochemical Co. witnesses a nearly 40 percent shortage in feedstock supplies to its plants as of Sep. 14, 2019, the firm said in a bourse statement on Sunday.

 

Advanced will eventually disclose the relevant financial impact, it added.

 

Updates will be disclosed later, in line with related regulations, the statement also stated.

 

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.

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