{"id":652458,"date":"2017-01-10T03:59:40","date_gmt":"2017-01-10T03:59:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/10\/state-owned-fertilizer-offer-alternative-to-govt\/"},"modified":"2017-01-10T03:59:40","modified_gmt":"2017-01-10T03:59:40","slug":"state-owned-fertilizer-offer-alternative-to-govt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/10\/state-owned-fertilizer-offer-alternative-to-govt\/","title":{"rendered":"State-owned fertilizer offer alternative to gov\u2019t"},"content":{"rendered":"

<\/a> State-owned fertilizer producers to the rescue? <\/strong>State-owned fertilizer producers have presented the government with a solution to limit their losses following the float of the EGP, Al Mal<\/a> reported. They suggest paying for the natural gas used to produce fertilizers for domestic production at the fixed pre-float exchange rate of EGP 8.88 per USD 1, but the whole price of USD 4.5 per mmBtu for gas used in producing fertilizers that will be exported. The producers also asked the government to allow them to export 45% of their production. State-owned producers say that they are contracted to sell to the government at a price of EGP 2,000 per tonne, but the production cost following the flotation and given that energy prices are charged in USD, are now at EGP 3,100 per tonne.<\/p>\n

In other FX news, international oil companies operating in Egypt are now paying contractors at an exchange rate set weekly by EGPC<\/strong>, sources told Al Mal<\/a>. That exchange rate represents the average at which EGPC is able to access credit from domestic banks.<\/p>\n","protected":false},"excerpt":{"rendered":"

State-owned fertilizer producers to the rescue? State-owned fertilizer producers have presented the government with a solution to limit their losses following the float of the EGP, Al Mal reported. They suggest paying for the natural gas used to produce fertilizers for domestic production at the fixed pre-float exchange rate of EGP 8.88 per USD 1, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652458","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1c262b77-bc2c-4953-8647-a3b6e617a241","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652450],"teaser":"","voice_url":""},"yoast_head":"\nState-owned fertilizer offer alternative to gov\u2019t - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/10\/state-owned-fertilizer-offer-alternative-to-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State-owned fertilizer offer alternative to gov\u2019t\" \/>\n<meta property=\"og:description\" content=\"State-owned fertilizer producers to the rescue? State-owned fertilizer producers have presented the government with a solution to limit their losses following the float of the EGP, Al Mal reported. 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State-owned fertilizer producers have presented the government with a solution to limit their losses following the float of the EGP, Al Mal reported. 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Unnamed government officials told Reuters this amounted to an increase of EGP\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574262,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/03\/industry-requests-another-cut-in-gas-prices-to-usd-3-5-mmbtu\/","url_meta":{"origin":652458,"position":3},"title":"Industry requests another cut in gas prices to USD 3.5\/mmbtu","author":"enterpriseam admin","date":"3 September 2020","format":false,"excerpt":"Industrial players still want to pay less for natural gas\u2026 Chemicals and fertilizer manufacturers are raising the issue of lowering gas prices once again, with Chemical and Fertilizers Export Council passing on a request to the Trade and Industry Ministry to lower the price of gas to USD 3.5\/mmbtu, Khaled\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/39.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":672492,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/25\/govt-mulls-moves-to-support-the-fertilizer-sector\/","url_meta":{"origin":652458,"position":4},"title":"Gov\u2019t mulls moves to support the fertilizer sector","author":"enterpriseam admin","date":"25 September 2025","format":false,"excerpt":"Fertilizer producers want to increase subsidized pricing","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/511.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553405,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/02\/abu-qir-to-sell-10-15-secondary-stake-on-egx-this-month\/","url_meta":{"origin":652458,"position":5},"title":"Abu Qir to sell 10-15% secondary stake on EGX this month","author":"enterpriseam admin","date":"2 December 2021","format":false,"excerpt":"Abu Qir Fertilizers will sell an additional 10-15% of the company in a secondary offering on the EGX later this month, Enterprise has learned. 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