Saudi Kayan Petrochemical Co. 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 company added.
On Sept. 18, Saudi Kayan announced an improvement in feedstock supply from Aramco, as the shortage declined to nearly 37 percent from 50 percent, Argaam reported.
Read: Saudi Kayan says feedstock supply shortage down to 37%
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.
Be the first to comment