Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) pointed to a shortage in feedstock supplies with different proportions of an approximate 30% starting Saturday, 14 September, following Aramco’s drone strikes.

The company is currently working on evaluating the financial effects to determine the financial impact. Any further updates will be provided in due course as per relevant rules and regulations, Yansab disclosed to the Saudi Stock Exchange (Tadawul) on Sunday.

Earlier on Sunday, the Saudi Basic Industries Corp. (SABIC), the National Petrochemical Company (Petrochem), and the Saudi Kayan Petrochemical Company (Saudi Kayan) announced a curtailment of feedstock supplies.

On Saturday, the Saudi interior ministry controlled two fires in two of Aramco’s plants in Abqaiq and Khurais which were targeted by drones.

In a statement on Sunday, the 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.