Addendum Announcement from Sipchem regarding curtailment of feedstock supplies for some of its subsidiaries
Wednesday, September 18, 2019
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ELEMENT LIST

EXPLANATION

Title of Announcement

 

Addendum Announcement from Sipchem regarding curtailment of feedstock supplies for some of its subsidiaries

 

Introduction

Following the announcement of Sipchem dated September 15, 2019 regarding curtailment of feedstock supplies for some of its subsidiaries.

 

September 15, 2019

 

Sipchem announces an improvement in the supplies from Saudi Aramco where curtailment went down from 40% to approximately 20%, with the expectation to reach normal levels by end of September as stated by the Ministry of Energy.

 

Sipchem continues to work on evaluating the final effects to determine the financial impact.

 

Any developments in this regard will be disclosed in accordance with the relevant rules and regulations.