Sadara sees 16% feedstock shortage

15/09/2019 Argaam

Sadara Basic Services Co. has been witnessing a shortage in feedstock supplies at an average of 16 percent to the plants of its parent company, Sadara Chemical Co. as of Sep. 14, 2019, the firm said in a bourse statement on Sunday.

 

Sadara 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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