Riyadh – Mubasher: The Saudi Industrial Investment Group (SIIG) has shut down its units at the Jubail Chevron Phillips Company for scheduled turnaround maintenance and catalyst replacement starting as of 1 February 2021 for about 41 days.
The financial effect of this shutdown will reflect on the financial results for the first quarter (Q1) of 2021 and is difficult to be estimated at the moment, SIIG said in a statement to the Saudi Stock Exchange (Tadawul) on Monday.
SIIG added that its other project, Saudi Chevron Phillips Company, will have its turnaround during this year’s fourth quarter (Q4) and is planned to last for 26 days.
Jubail Chevron Phillips Company is equally-owned by SIIG and Arabian Chevron Phillips.
