Supplies normal after GAS 'incident'
Riyadh , September 16, 2007
Saudi Basic Industries Corporation (Sabic) has confirmed that there has been no material effect following a contained incident at the National Industrial Gas Company (GAS) plant in Al Jubail recently.
The incident (on August 6) led to a disruption in the production of oxygen but did not affect the supply of related products to the market or on revenue streams, said an official spokesman.
Oxygen is a key component in the production of ethylene glycol and ethylene oxide.
Repairs to the facility are already underway and are scheduled to be completed rapidly with production levels in the specific facility expected to be back to normal levels by the beginning of 2008, the spokesman added.
'We are pleased that supply to end customers has been, and continues to be, fully met,' the spokesman emphasised.
Sabic's supply chain management systems have been designed to ensure supply levels are maintained in the event of such incidents and that supply of products to the market is sustained and all commitments met. -TradeArabia News Service