DUBAI, Dec 30 (Reuters) - Saudi Arabia Fertilizers Co (SAFCO) 2020.SE said on Wednesday that changes to energy prices announced in the Saudi government's 2016 budget would increase its production costs by 8 percent next year.

The company, a unit of Saudi Basic Industries Corp 2010.SE (SABIC), said the reforms would begin to affect profitability in the first quarter of 2016.

(Reporting by Katie Paul; Editing by Andrew Torchia) ((Katie.Paul@thomsonreuters.com;))

Keywords: SAFCO COSTS/