Egypt's Sisi inaugurates MOPCO fertiliser plant expansion

Egyptian President Abdel-Fattah El-Sisi inaugurated the expansion of the Misr Fertilizer Production Company factory in the Delta governorate of Damietta on Sunday.

The expansion, which came with a price tag of around $2 billion, raises the factory's production capacity by almost four times, from 650,000 tonnes to 2 million tonnes annually.

During the opening ceremony, minister of petroleum Tarek El-Molla said that Egypt expects to receive its third floating storage and regasification unit (FSRU) by the end of the first quarter in 2017 to assure ample supplies for a currently-under-construction Siemens power plant.

Egypt was delivered two FSRU units — provided by Norway's Hoegh LNG in April, and the Singapore-based Norwegian group BW Gas in September with daily capacities of 500 million cubic feet and 750 million cubic feet respectively — so as to be able to import liquefied natural gas and convert it to feed its energy-starved power grid.