14 November 2013 13:43 [Source: ICIS news]
DUBAI (ICIS)--Saudi Arabia’s Yanbu National Petrochemical Co (Yansab) has resumed normal operations at its petrochemical complex after undergoing maintenance and repairs for more than three weeks, the producer said on Thursday.
The company cited a technical failure at the complex water cooling network as the cause of the shutdown on 23 October and initially indicated that the complex would be restarted within two weeks.
"Regarding the temporary shutdown of its plants, the company would like to notify the completion of all repair and maintenance works and the commencement of start-up activities and production on November 14,” Yansab, an affiliate of petrochemical giant SABIC, said in a statement issued to Saudi stock exchange.
The company said it expects the shutdown to have an estimated Saudi riyal (SR) 160m ($43m) hit on its fourth-quarter financial results.
($1 = SR3.75)
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