Several Saudi-listed companies said some of their subsidiaries and plants in the Kingdom have seen a cut in feedstock supplies as of Sep. 14, 2019.
Drone attacks sparked fires at two Saudi Aramco oil facilities in Abqaiq and Hijrat Khurais at 4am on Saturday, Sept. 14, Argaam reported.
Read: Fire at two Aramco facilities under control
A temporary production halt has resulted from the drone attacks, Energy Minister Prince Abdulaziz bin Salman said. The attacks have reduced the company’s crude oil supply by around 5.7 million barrels per day or about 50 percent of its output. Part of the reduction will be compensated for by withdrawing from Aramco’s oil stocks, he added.
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Saudi Companies To Be Affected By Feedstock Supply |
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Company |
Effect |
Details |
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SABIC |
A shortage in some feedstock supply (varying percentages with an average of 49%) for some affiliates. |
|
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Yansab |
A shortage in feedstock supply (varying percentages with an average of 30%) |
|
|
Saudi Kayan |
A shortage in feedstock supply for the company’s plants by 50% |
|
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Petrochem |
A shortage in feedstock supply for the company’s project by 40% |
|
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Tasnee |
A shortage in some feedstock supply for the company’s affiliates in Jubail varying percentages with an average of 41%) |
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SIIG |
Stable work without a shortage in feedstock. Regarding its stake in Petrochem; the shortage has reached 40% |
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Advanced |
A shortage in feedstock supply for the company’s two plants by 40% |
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Sipchem |
A shortage in some feedstock supply (varying percentages with an average of 40%) for some affiliates. |
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Nama |
No shortage in feedstock supply exists until now |
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Sadara Basic Services |
A shortage in some feedstock in its mother company (Sadara Chemical Co.) (varying percentages with an average of 16%) |
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