With reference to Yanbu National Petrochemical Company YANSAB announcement on 22/12/1434 H corresponding to 27/10/2013 regarding the temporary shutdown of its plants as a result of a technical failure in cooling water network within the company; the company would like to clarify that after technical and field inspection the shutdown will be extended to complete all repair and maintenance works.
It is expected the startup activities and production will begin by the end of next week.
According to the current average market prices for feedstock and products; the expected financial impact on the fourth quarter of current year is estimated around 160 million Saudi Riyals.
Further material developments in this regard will be announced in due course
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