Riyadh – Mubasher: Saudi Basic Industries Corp. (SABIC) announced a curtailment of feedstock supplies for some of its Saudi-based subsidiaries starting from Saturday, 14 September 2019.

The said curtailment is expected to be in different proportions with an approximate average of 49%, SABIC said in a filing to the Saudi Stock Exchange (Tadawul) on Sunday.

The company is currently working on evaluating the financial effects to determine the financial impact, while any developments in this regard will be disclosed in accordance with the relevant rules and regulations, the company remarked.

On Saturday, the Saudi Ministry of Interior has controlled two fires in two of Aramco’s facilities in Abqaiq and Khurais as they were targeted by drones.

In a statement on Sunday, the Saudi Energy Minister Prince Abdulaziz bin Salman said that the attacks halted Aramco’s crude oil supply by 5.7 million barrels a day or 50% of its output, while part of the reduction will be compensated through the company’s oil stock.