Yansab says feedstock supplies shortage drops to 17%

Yanbu National Petrochemical Company’s (Yansab) feedstock supplies shortage dropped from 30 percent to 17 percent, the company said in a bourse filing.

Yansab expected feedstock supplies to reach normal levels by end of September.

The company will eventually announce the relevant financial impact, and updates will be disclosed later, the statement 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.