SIIG resumes operations at JCP, SCP

22/03/2018 Argaam

 

Saudi Industrial Investment Group (SIIG) has restarted operations at its affiliated units, Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP), following completion of scheduled maintenance works, the company said in a bourse statement on Thursday.

 

Financial impact of the shutdown is expected to be reflected on Q1 2018 earnings.

 

SIIG in January said its two joint venture plants in Jubail Industrial City would be shut for planned periodic maintenance starting February.

 

JCP was closed for maintenance for 51 days starting Feb. 1, 2018, while SCP was shut for 33 days starting Feb. 5.

 

SIIG owns a 50 percent stake each in SCP and JCP.

 

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