Riyadh – Mubasher: Sadara Basic Services Company announced that its ethane feedstock supplies curtailment went down to approximately 10% from 16%, following Aramco’s terrorist attacks over the weekend.
The feedstock supplies are expected to reach their normal levels gradually, the company cited the Saudi energy ministry, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Thursday.
Sadara will continue working on evaluating the final effects to determine the financial impact.
Furthermore, the feedstock shortage will not have major effects on Sadara’s production due to its planned maintenance activities and existing inventory levels. No material financial impact is expected, Sadara remarked.
Any further updates will be provided in due course pursuant to relevant rules and regulations.
