Agrium’s Planned Complex in Egypt May Be Relocated

Discussions between the Egyptian government and Agrium to resolve a dispute over the construction of a previously announced fertilizer complex at Ras el-Barr, Damietta, Egypt, focus on three possible solutions, local reports say. Agrium has a 60% stake in EAgrium, the joint venture building the plant. The solutions under discussion are: selling Misr Oil Processing Co. (Mopco; Cairo), a company building a fertilizer complex in Egypt, to Agrium; relocating the Damietta project to the west bank of the Suez Canal; or selling Agrium’s stake in EAgrium to the...

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