SABIC says feedstock supply back to normal levels

Saudi Basic Industries Corporation (SABIC) said in a bourse statement that feedstock supply from state-owned Saudi Aramco has gradually improved, reaching normal levels today, Sept. 26.

There is no material financial impact from the previous feedstock shortage, the major petrochemical producer added.

On Sept. 18, SABIC announced an improvement in feedstock supply from Aramco, as the shortage declined to nearly 30 percent from 49 percent, Argaam reported.

Read: SABIC says feedstock supply shortage down to 30%

In separate bourse statement, SABIC's 35 percent-owned affiliate Saudi Kayan, and Yanbu National Petrochemical Co. (Yansab) also said that feedstock supply from Saudi Aramco has improved, reaching 100 percent today.

The Saudi Ministry of Energy expected feedstock supplies to normalize by the end of September following the drone attacks that sparked fires at Saudi Aramco oil facilities in Abqaiq and Khurais on Sept. 14.