08 February 2012 17:59 [Source: ICIS news]
However, Canadian fertilizer major Agrium, which holds a 26% stake in MOPCO, said it is “optimistic the facility will be allowed to re-open in 2012, given its strong environmental performance” and its contribution to the Egyptian economy.
A government-appointed independent Egyptian scientific review panel had recently “reconfirmed” MOPCO’s environmental performance, Agrium said.
Wilson added with the shutdown, the Egyptian government, which controls MOPCO, is losing "hundreds of millions of dollars" in revenues.
"We are hoping that the Egyptian government will uphold the law, and all the [MOPCO] operations will restart in the not so distant future," he said.
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