INVESTMENT-

A new state fertilizers project: State-owned and EGX-listed Abu Qir Fertilizers, the Egyptian General Petroleum Corporation (EGPC), and Egyptian Petrochemicals Holding Company (ECHEM) partnered to launch a joint fertilizers venture, the Oil Ministry said Sunday. North Abu Qir for Agricultural Nutrients has a paid-up capital of EGP 1 bn, with Abu Qir and EGPC each holding a 45% stake and ECHEM holding the remaining 10%. North Abu Qir plans to produce some 2.4k tons of ammonium nitrate, 1.8k tons of nitric acid, and 1.2k tons of ammonia daily, the statement reads.

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