Gulf Oil and Gas accountACCOUNT

A Shutdown in One of Sahara Petrochemicals Companies

Source: www.gulfoilandgas.com 7/16/2011, Location: Middle East

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Sahara Petrochemical Company declares that its subsidiary Al Waha petrochemicals Company affected in Shaban 15, 1432 H a technical fault in the Recycle Effluent Compressor (REC), leading to the interruption of production processes in all operating units, where the repairing process is expected to end in a period not exceeding two weeks starting of today's date InshAllah, which means missed opportunity for the production of nearly Sixteen thousand (16000) tons of Polypropylene, that equivalent of ninety four million (94000000) SR of polypropylene prices currently prevailing in the third quarter which will affect the expected profits in the third quarter of this year.

This period will exploit by providing scheduled maintenance operations of the factory that planned already at July 2011 end and customers will be provided from available reserve stock during the downtime period.

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