Tasnee says feedstock supply shortage down to 25%

18/09/2019 Argaam

 

The National Industrialization Company (Tasnee) has announced an improvement in its feedstock supply from Saudi Aramco, as the shortage declined to 25 percent as compared to 41 percent.

 

Feedstock supplies are expected to normalize by the end of September, as stated by the Ministry of Energy.

 

The company said it is currently working on evaluating the final effects to determine the financial impact. Any developments in this regard will be disclosed accordingly.

 

The statement followed drone attacks that sparked fires at two Saudi Aramco oil facilities in Abqaiq and Khurais on Sept. 14.

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