Arab Finance: Misr Fertilizers Production Company (MOPCO) is monitoring its operating and production rates in line with available natural gas supplies, amid an ongoing 20% reduction in gas deliveries to fertilizer plants, according to a bourse filing.
MOPCO noted that the reduction increased import costs, adding that it remains committed to disclosing any material developments in due course, in accordance with the rules set by the Egyptian Exchange (EGX).
The company recently appointed Osama Youssef as CEO and managing director, succeeding Ahmed Mahmoud ElSayed.
