SIIG to shut down Saudi Chevron Phillips for 27-day scheduled maintenance

31/10/2021 Argaam

Logo of Saudi Industrial Investment Group (SIIG)

Saudi Industrial Investment Group (SIIG) will shut down Saudi Chevron Phillips (SCP) facility for a 27-day scheduled maintenance and catalyst replacement, as of Nov. 1, the company said in a bourse statement.

 

The relevant financial impact will appear in the fourth quarter of the year, but it is difficult to estimate the financial impact of this shutdown at present, due to the continuous change in the prices of sold products.

 

SCP is equally-owned by SIIG and Arabian Chevron Philips.

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