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Yansab feedstock supplies curtailment down to 17%

Yansab feedstock supplies curtailment down to 17%
Yansab is still evaluating the final effects
YANSAB
2290
-0.38% 51.80 -0.20

Riyadh – Mubasher: Yanbu National Petrochemical Company (Yansab) announced that its feedstock supplies shortage dropped to 17% from 30% following Aramco’s terrorist attacks last Saturday.

The feedstock supplies are expected to reach their normal levels by the end of September, Yansab cited the Saudi energy ministry, according to a disclosure to the Saudi Stock Exchange (Tadawul) on Wednesday.

The company is still evaluating the final effects to determine the financial impact, where any relevant details will be provided in due course as per competent rules and regulations.

Earlier this week, Yansab pointed out to a shortage in feedstock supplies with different proportions of an approximate 30% starting Saturday, 14 September.