Saudi Aramco notifies Najran Cement of fuel price adjustments

02/01/2025 Argaam
Logo ofNajran Cement Co.

Logo of Najran Cement Co.

Najran Cement Co. received a notification from Saudi Arabian Oil Co. (Saudi Aramco) concerning adjustments to the prices of fuel products used in cement production, effective Jan. 1.

 

The company said the pricing adjustment would lead to a nearly 10% rise in the operating costs with the financial impact expected to appear starting from Q1 2025, according to a statement to Tadawul.

 

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The company joined the Industrial Sector Competitiveness Program starting in 2024, which contributed to reducing the financial impact and improving energy consumption efficiency, Najran Cement stated.

 

The cement producer is currently operating its Waste Heat Recovery (WHR) project to generate electricity, which also contributed to reducing the financial impact of this amendment in fuel prices, the statement added.

 

The company emphasized that work is underway to implement its plans to reduce costs, improve production and boost operating efficiency to mitigate the effects of the price rise.

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