Egypt increases the reduction in gas supply to 33% for the Abu Kir, MOPCO and Egyptian fertilizers factories, equivalent to stopping an entire production line in each factory.
The Minister of Agriculture confirms to "Alsherk Bloomberg" the availability of sufficient stock for more than two months.
The gas reduction puts pressure on production and profits and opens up the subsidy portfolio.
The continuous decrease in gas supply threatens not only the operating rates of the factories, but may also reflect on foreign exchange flows from fertilizer exports.
The crisis of the fertilizer factories is related to the decrease in the production of natural gas in Egypt in recent years.
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