Egypt cancels Agrium's project
Cairo, August 5, 2008
The Egyptian government cancelled on Tuesday the fertiliser project which Canadian company Agrium was planning to set up at Ras el-Barr on the northeast coast of Egypt.
A cabinet statement said that state-owned Mopco (Misr Oil Processing Company) would complete a similar project at another site nearby and acquire the shares of Agrium Egypt. - Reuters
