Egypt, Nutrien to Settle Disputes

Egypt, Nutrien to Settle Disputes

The Ministry of Petroleum and Mineral Resources (Mop), and The Ministry of Finance (MoF) reached an agreement to settle the disputes between the Canadian Nutrien Company (formerly Agrium) and Egypt.

The settlement agreement included an end to the investment arbitration case filed against Egypt at the Permanent Court of Arbitration (PCA) at The Hague, Netherlands. It also included an end to the commercial arbitration case filed against the Egyptian Company for Nitrogen Products, in return to the transfer of the ownership of the share of Nutrien, which represents 59,573,922 shares equivalent to 26% of the total shares of Misr Fertilizers Production Company (MOPCO) to the MoF for a price that was agreed by all parties after negotiations.


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