Egypt Basic Industries making NH3 shipments despite civil unrest

10 February 2011 17:19  [Source: ICIS news]

LONDON (ICIS)--Egypt Basic Industries Corp (EBIC) has loaded and shipped one ammonia vessel this week and expects to start loading another on Friday despite delays in getting customs documentation amid the civil unrest in the country, a company official said on Thursday.

“Export documentation is taking a while, but we loaded the Marycam Swan and she left yesterday (Wednesday) for northwest Europe,” the source said.

The vessel is currently moving north through the Suez Canal with 15,000 tonnes of ammonia on board.

EBIC is expecting another vessel to arrive at the port of Ain Sokhna early on Friday, 11 February.

The source said the Sylvie is expected to pass south in convoy through the Suez Canal tonight and arrive in the early hours of the morning.

Once the vessel arrives she will load 23,500 tonnes of ammonia for shipment to Jordan. Customs documentation is already in place, the source added.

Last week, EBIC said although production was running normally it was unable to plan shipments due to complications with getting customs documentation.

EBIC’s 700,000 tonne/year ammonia plant is in Ain Sokhna and is connected to the port by pipeline. Ain Sokhna is situated in the Gulf of Suez and EBIC is one of the largest fertilizer exporters on the Suez Canal.

EBIC is a subsidiary of Orascom Construction Industries.

Political unrest in Egypt, which began on 25 January, continued on Thursday as news reports suggested that President Hosni Mubarak was preparing to step down after more than two weeks of anti-government protests which have left several people dead and hundreds injured.

No offical statements had confirmed Mubarak's departure or a change of government. Another large demonstration was planned for Cairo’s Tahrir Square on Friday.

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By: Rebecca Clarke
+44 20 8652 3214



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