Bloomberg News

Saudi Aramco Says Not Responsible for Yanbu Cement Stoppages

November 02, 2011

Oct. 31 (Bloomberg) -- Saudi Arabian Oil Co. is not responsible for any production stoppages at Saudi cement maker Yanbu Cement Co., the oil company also known as Saudi Aramco said in a statement.

Jeddah-based Yanbu Cement said yesterday in a statement to the Saudi bourse that it stopped three of its production lines to use their fuel allocations to test-run a new line, saying Aramco failed to provide the fuel it needed.

“Yanbu Cement should have secured the required amount of fuel for the expansion and the operation of its fifth production line before starting the operation,” Saudi Aramco, based in Dhahran, said today in a statement received by e-mail.

--Editors: Stephen Voss, Rob Verdonck

To contact the reporter on this story: Wael Mahdi in Khobar, Saudi Arabia at wmahdi@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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