Minister of Petroleum promises to transfer "Apoturst phosphate" to successful model

Petroleum Minister Tariq al-Mulla pledged to transfer the Apoturth Phosphate project to a similar success to Dhahr's first visit to Wadi El-Gadid.

The minister added that it was necessary to create an investment climate conducive to the development and exploitation of mineral wealth through the implementation of economic projects generating the added value of the mineral wealth of the region. # 39; Egypt. In order to encourage investment and attract international companies. The work of the phosphoric acid production complex in the region of Abu Tartur, in the governorate, affiliated with Alwadi Phosphate Industries and Fertilizer Company, is underway, said the minister who announced that the new project will cost about 800 million dollars and a capacity of 500,000 tons per year of phosphoric acid. And the production of phosphate ore located in the large reserves of the Abou Tartour region, where the acid will be produced, which is the main raw material in the manufacture of phosphates and compound fertilizers, which contributes to satisfy a great part of the needs and plans of the desired state in the areas of agricultural development. Al Mulla pointed out that the ministry aimed to establish complementary industries to process the ore and convert it into finished products in order to meet the needs of the local market, achieve the greatest added value and generate a new economic return of the state through the export of surpluses.

For his part, Governor Mohammed Zamlout said the project would follow other projects based on the product, which would encourage the attraction of additional investments and create new jobs for the people of the province. .

The project will rely on 2 million tonnes per year of phosphate phosphate on the plateau, the main input of production, consisting of 3 units, including a sulfuric acid production unit with a capacity of 1.6 million tonnes. tons per year and another for the production of phosphoric acid and post-production units to achieve the required purity, as well as to generate electricity from the thermal energy generated by the production unit with a capacity of 33.5 megawatts for the uses of the industrial complex and the residential area, and then to inject the surplus into the national power grid. Harb said that he was studying the rehabilitation of the "Aboturthur-Qena-Safaga" railway line intended to be used for the transport of goods. It is planned to double this line and use it for passenger transport. She is also studying the rehabilitation of the port of Abu Company on the plateau.

Harb pointed out that the difference between the selling prices of phosphates on the world market and the competition exerted by local firms to acquire quantities exported in certain markets and by the same consumer led to a fall in the selling price, which Egyptian product.Therefore, the Egyptian Society of Phosphates and Phosphates Regulate the phosphate market and establish a fair price policy for Egyptian crude.