SIIG announces that its two projects Saudi Chevron Phillips (SCP) and Jubail Chevron Phillips (JCP) located in Jubail industrial city, have started their planned periodic maintenance shutdowns that include the catalyst replacement. The shutdown schedule is as follows:
1- SCP shutdown for 33 days starting on 5 Feb 2018
2- JCP shutdown for 51 days starting on 1 Feb 2018
The financial impact of this shutdown is expected to be reflected in the financial results for the first quarter of 2018
Note that SIIG owns 50% of SCP and 50% of JCP.