Page 1 - Downstream Monitor - MEA Week 37
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Issue 418 19•September•2019 Week 37
Saudi petchem producers feel pinch
Plants in Saudi Arabian petrochemicals hubs at Jubail and Yanbu have seen their supplies drop significantly.
Drone strike knocks production offline
A major attack on Saudi oil facilities has cut production by 5.7mn bpd, but the full effect will not be felt until existing strategic reserves dry up.
Aramco buys Shell out of SASREF
Saudi Aramco has completed a deal to acquire Shell’s 50% stake in the Saudi Aramco Shell Refinery (SASREF) for $631mn.
