Iraqi Economists Network

شبكة الاقتصاديين العراقيين

Latest Economy News

Iraqi PM inaugurates two fertilizer factories in Basra

Baghdad ( – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, inaugurated on Saturday two fertilizer factories in Basra, in southern Iraq.

During his visit to Basra governorate, Al-Sudani opened a urea fertilizer factory and a di-ammonium phosphate (DAP) fertilizer factory, according to a statement released by the Prime Minister’s Office (PMO).

Al-Sudani was given a tour of the factory’s departments and a briefing on its operations.

The Iraqi Prime Minister announced that the two plants’ output will supply fertilizers to all governorates in the country in accordance with the agriculture plan, eliminating the need for imports and saving a significant amount of money that had been set aside for these needs.

These two factories are significant strategic projects that will help meet the demands of the Iraqi Ministry of Agriculture, provide the necessary requirements for food security for the country, and increase the amount of land used for crop cultivation.

After entering into agreements with two international companies, the two plants that had been inactive for years were put back into operation.

The production capacity of the urea factory is 1,000 tons per day, and the DAP factory can produce 500,000 tons per year.

Source: Iraqi News, 10. March 2024


Comment here

%d bloggers like this: