Saudi Kayan says feedstock supply shortage down to 37%

Saudi Kayan Petrochemical Co. has announced an improvement in feedstock supply from state-owned Saudi Aramco, as the shortage declined to nearly 37 percent from 50 percent.

Feedstock supplies are likely to reach normal levels by the end of September, as stated by the Ministry of Energy, the company added.

Saudi Kayan will eventually disclose the relevant financial impact and updates later on, in line with related regulations, the statement added.

Earlier this week, Saudi Kayan, which is 35 percent-owned by SABIC, announced a 50 percent curtailment in feedstock supplies to its plants as of Sept. 14, Argaam reported.

The statement followed drone attacks that sparked fires at two Saudi Aramco oil facilities in Abqaiq and Khurais on Sept. 14.