Logo of Sahara International Petrochemical Co. (Sipchem)
Sahara International Petrochemical Co. (Sipchem) plans a scheduled shutdown of its subsidiary Al-Waha Petrochemical Co. for maintenance aligned with periodic and preventive standards.
The company anticipates a four-week stoppage starting tomorrow, Feb. 14, as part of its 2024 business plan and budget. This maintenance aims to enhance reliability and support future operational strategies.
The financial effect of the shutdown will be based on its actual duration of turnaround and average sales prices, which will impact the first quarter of 2024 financial results.
Sipchem has taken all necessary precautions to mitigate any disruption to its customers and will announce updates on any new developments in due course.
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