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A Sudden Interruption in Al Waha Polypropylene Plant

Source: www.gulfoilandgas.com 2/14/2013, Location: Middle East

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Sahara Petrochemicals Co. announces that the plant of its affiliate, Al Waha Petrochemicals Co. experienced a sudden technical interruption of the cooling water system which resulted in the shutdown of all the production units. Necessary action is being taken to repair the breakdown and it is expected to take a period of one week from today to complete the repair process. Such interruption is expected to cause a decrease of the production rate of 10,000 tons of polypropylene leading to a decrease of the net profit of the first quarter of 2013 amounting at two million Saudi Riyals according the current rates of polypropylene. During the shutdown period, the company’s clients will be supplied from the standby reserves available in its warehouse.

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