Riyadh-Mubasher: The National Petrochemical Co. (Petrochem) said Saudi Aramco has fixed the prices of some products for its subsidiary Saudi Polymers Co. until 2019, according to the company’s filing to Tadawul.
The subsidiary can benefit from the old prices of methane until 6 November 2018, ethane until 12 August 2019 and propane until 1 September 2019, the company added.
Accordingly, the financial impact of increase in prices of other feedstocks and utilities estimated at about SAR 50 million will be reflected in 2016 financial results.
