Petrochem shares surge on Saudi Tadawul on improved feedstock supplies | ZAWYA MENA Edition:
Major petrochemical companies in Saudi Arabia announced an improvement in feedstock supplies, days after an attack on Aramco facilities, boosting petrochemical shares on Tadawul.
Saturday’s attacks on Aramco facilities in Abqaiq and Khurais cut the company's crude oil supply by around 5.7 million barrels per day or about 50 percent of its output.
On Tuesday, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman announced that the kingdom would restore its lost oil production by the month-end, having recovered supplies to customers to the pre-weekend attack levels.
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