ADDENDUM ANNOUNCEMENT FROM SIPCHEM ON THE UNPLANNED MAINTENANCE TURNAROUND FOR AL WAHA PETROCHEMICAL COMPANY PLANT
Sunday, March 22, 2020
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||With reference to the Sahara International Petrochemical Company (Sipchem) announcement on the Tadawul website on March 3, 2020 regarding the unplanned turnaround maintenance for the Propane Dehydrogenation (PDH) of Al-Waha Petrochemical Company Plant (a Sipchem affiliate):
|Date of Posting the Previous Announcement of Development on Tadawul's Website
||2020-03-03 Corresponding to 1441-07-08
|Change on the Development
||Sipchem announces its intention to also immediately carry out the AL WAHA 2020 maintenance turnaround scheduled to start on April 1, 2020. This will avoid the need to shut down the plant again on 1 April 2020. The target is to complete all maintenance activities before end of March 2020 so that the Plant can commence reliable operations and achieve its future operational plans
|Financial Impact on the change
||The financial impact of this disruption depends on both the actual maintenance period and average product sales prices during the same period. This impact will be reflected in the financial results of Q1 2020.
All necessary precautions have been taken to avoid any impact on Al-WAHA’s obligations toward customers. Sipchem will announce any other developments in due course.