The Minister of Petroleum and Mineral Resources, Tarek El Molla, has received a delegation from Indorama Corporation, headed by Amit Lohia, the Vice President of the company, where they discussed investment opportunities available in the field of petrochemicals, especially the production of phosphate fertilizers, mineral silicon, and ammonia, in light of the company’s desire to invest in value-added projects in the Egyptian petroleum sector.
During the meeting, El Molla affirmed that the oil and gas sector is currently implementing several projects to maximize the value-added from the mineral resources strategy. These projects will produce petrochemical products with international standards to meet local needs and export the surplus, leveraging Egypt’s distinguished infrastructure.
The Minister also stressed the importance of accelerating the implementation of these important strategic projects and providing the raw materials necessary for the production process.
Lohia mentioned that his team is currently conducting laboratory tests on mining raw materials in Egypt and feasibility studies for projects to determine the best field for investment.
The meeting also reviewed the results of talks between representatives of Indorama and Misr Phosphate companies to establish a joint project to produce phosphoric acid, following a memorandum of understanding (MoU) signed between them.