Petrochem says feedstock supplies shortage down to 20%

National Petrochemical Co. (Petrochem) expected feedstock supplies to reach normal levels by the end of September, the company said in a bourse filing.

Shortage in feedstock supplies dropped from 40 percent to 20 percent, the statement added.

The relevant financial impact cannot be assessed at present, and updates will be disclosed later, the statement also stated.

Terrorist attacks on Saudi Aramco’s facilities in Abqaiq and Khurais on Saturday had led to a temporary production halt.

 Nevertheless, Energy Minister Prince Abdulaziz bin Salman said Tuesday that Saudi Arabia’s oil supplies have returned to their levels prior to the terrorist attacks.