Saudi petchem firms' feedstock supplies curbed

Saudi Arabia's state-owned Sabic said petrochemical feedstock supplies will be curtailed for its subsidiaries in the aftermath of the attacks on two key oil installations in Saudi Arabia.

The attacks at the Abqaiq plant, the world's largest crude processing facility, and the Khurais plant forced state-owned Saudi Aramco to shut in 5.7mn b/d of crude output.

Saudi petrochemical companies such as Sipchem, Tasnee, Advanced Petrochemicals and Sadara made similar announcements. Sabic and its affiliates produce chemicals such as methanol, polymers and other downstream products.

The feedstock curbs will possibly affect petrochemical production at Jubail, where the producers are based. The exact duration of the feedstock restrictions and how much petrochemical production will be disrupted remains unclear.