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Regions :: Middle East :: Saudi Arabia

Yansab extends Yanbu complex's shutdown to fix fault

8:23 AM MST | November 3, 2013 | Natasha Alperowicz

Yanbu National Petrochemical Co. (Yansab; Yanbu, Saudi Arabia) said today that it expects its Yanbu petrochemical complex to restart at the end of next week. Yansab is a Sabic affiliate listed on the Saudi Stock Exchange. Yansab announced on 27 October that, because of a technical failure in the cooling water tower on 23 October, it had to shut down the complex to carry out maintenance and to fix the fault. The repair work is taking longer than originally envisaged, and the financial impact on its fourth-quarter results is estimated at 160 million Saudi riyals...

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