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[size=37]Deputy for Basra, demanding the government to save the Southern Fertilizer Plant from a large financial loss[/size]
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Alpes MP for the province of Basra beauty Muhammadawi, on Monday, the government rescued South fertilizer plant of a large financial loss is estimated at 20 billion dinars, calling to instruct the Ministry of Agriculture for the purchase of urea fertilizer stocks jammed in the company's stores before damaged.
He said Muhammadawi said in a statement reported by (Journal News) "The Southern Fertilizer Company has a stockpile estimated at / 40 / thousand tons of urea fertilizer at a cost of / 20 / billion dinars, which is prone to damage in the stores due to adverse weather conditions, and the increasing humidity in the province of Basra ".
He added that "the contracting company with the Ministry of Agriculture to buy its product, but the ministry buys material compost from foreign companies, leaving local product which is characterized by good quality and low prices compared with foreign product," adding that "the survival of the large quantities valuable company stores will cause Pfsadha, as well as drain the company's financial balance, which would entail stopping production lines and depriving the country of the additional resources to supply the state budget. "
He revealed Muhammadawi for "the existence of other problems plaguing the company is a lack of financial liquidity resulting from the delayed disbursement of dues by the Agricultural Bank, which invoke the lack of funds, which reflected negatively on the company's business."
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