Muhammad Fayez, director of a fertilizer factory in Helwan, said that a comprehensive memorandum will be sent to the Ministry of Petroleum with all the gas needs of fertilizer factories for the current summer period
Due to requests made by factory owners, the Ministry of Petroleum decided to supply fuel oil and diesel to cement and fertilizer factories, as a means to compensate the temporary lack of gas.
Saudi Arabia Fertilizers Co (SAFCO) posted a 6.7% drop in its second-quarter net profit on Sunday, although the earnings still beat analysts' forecasts.
Outstanding results achieved by Gulf Petrochemical Industries Company (GPIC) were highlighted during a leading fertiliser industry conference in Amman, Jordan.
The Egyptian Natural Gas Holding Company (EGAS) agreed with the Ministry of Agriculture to prioritize supplying natural gas in the summer months to fertilizer factories that feed the local market.
The majority of reinforcing steel and fertilizer plants in Egypt have halted operations as a natural gas shortage hits the country and supplies shrink from the national holding company EGAS.