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Saudi Kayan restores feedstock typical supply levels

Saudi Kayan restores feedstock typical supply levels
Feedstock supplies curtailment went down to 37%
SAUDI KAYAN
2350
-11.28% 9.28 -1.18

Riyadh – Mubasher: The Saudi Kayan Petrochemical Company said that its feedstock supplies gradually improved and resumed to normal levels on Thursday, 26 September.

Following attacks on Aramco’s oil facilities on 14 September, Saudi Kayan announced that its feedstock supplies curtailment went down to 37% from 50%, according to a disclosure to the Saudi Stock Exchange (Tadawul).

The firm also stated that the feedstock decline did not lead to any material financial impact.

Saudi Kayan turned to loss during the second quarter of 2019, reporting a loss of SAR 273.13 million.