China's PBC issues 418.5b yuan off reverse repo    Finance Ministry presents three new investor facilitation packages to PM to boost investment climate    Egypt, Bahrain explore deeper cooperation on water resource management    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    African trade ministers meet in Cairo to push forward with AfCFTA    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EGAS to prioritise pumping gas in summer to fertiliser factories for local market
Fertiliser factories agree with ministry of agriculture to supply 78% of their production locally
Mohamed Adel Published in Daily News Egypt on 06 - 06 - 2015


By Anaam El Adawy and Mohamed Adel
The Egyptian Natural Gas Holding Company (EGAS) agreed with the Ministry of Agriculture to prioritise supplying natural gas in the summer months to fertiliser factories that feed the local market.
An official at EGAS told the Daily News Egypt that approximately 307m cubic feet of gas daily will be pumped to fertiliser factories of their total requirements, which amount to 510m cubic feet.
He stated that the available amounts of natural gas are supplied to the Talkha, Abu Qir Fertilizers, MOPCO, and Al-Masriya Fertiliser 2 factories.
The official said that natural gas is no longer pumped to factories that export all their production. The Ministry of Petroleum gives priority to fertiliser factories that feed the local market, and does not provide gas to exporting factories.
In a similar context, a senior official at the Ministry of Agriculture said that a meeting was held at the end of last week with fertiliser factories in the Free Trade Zone to determine this summer's supply amounts.
The meeting included the amounts supplied by factories, according to an official at the Alexandria Fertilizers Company. He added that an agreement was reached with the Ministry of Agriculture to supply 22% of production for EGP 2,630, in addition to the 56% of production agreed upon in December, priced at EGP 1,910. This way, companies will supply 78% of their production for the local market.
The company's production volume remained at 85%, is at 55,000 tonnes of urea a month.
An official source at Helwan Fertilizer Company pointed out that EGAS promised companies to begin pumping gas to factories starting from Sunday. However, the amount of gas to be pumped is not yet decided. This came after gas pumping to free zone factories stopped on 20 May.
The source added that the factory's share of gas before halting gas pumping was estimated at 1.2m cubic metres of gas per day.
Meanwhile, an official in MOPCO Fertilizers Company said that his company has only operated for 40 days since the beginning of the year, and did not work during April and May, and hence did not supply to agriculture any amounts of production throughout these two months.
He added that MOPCO will not be adversely affected by supplying the share agreed upon with a 22% increase, especially as the price determined by agriculture is close to the exporting price, which is estimated at $330.
The size of Egyptian production of fertilisers is 15.5m tonnes, while consumption is 8.5m tonnes, which means that there is a surplus of 7m tonnes. Consumption of the most commonly used nitrogenous fertilisers in Egypt does not exceed 70% of production.
The EGAS official explained that Egypt's production of gas is estimated at 4.35bn cubic feet per day, as a result of the continued attrition of wells' production, in addition to the exporting of 500m cubic feet per day of imported gas.

Clic here to read the story from its source.