for who care reveals the features of the friendly settlement agreement between “Kima” and the Italian “Technomont”.

 


 

 

Informed sources revealed to us the most important features of the friendly settlement agreement between the two Egyptian chemical industries (Kima) and the Italian Technomont regarding the dispute over the “Kima 2” project implemented by the latter for the production of ammonia and urea using natural gas, with investments estimated at 12

“Kima” confirmed, in a disclosure to the stock exchange yesterday, Sunday, that it has not yet obtained official approvals regarding the amicable settlement agreement with Technomont Company. The dispute between the two parties extended to more than two years when the Italian company demanded compensation for its damages from the liberalization of the exchange rate in 2016, which raised the operational cost of the “Kima 2” project. Payment for the delay in implementing the terms of some of the contracts, which led to the appeal of the Investment Dispute Settlement Committee in the Council of Ministers, which recently approved the settlement agreement. To obtain compensation for its damages from the liberalization of the exchange rate, in addition to “Kima” relinquishing any claims for the delay in work on the “Kima 2” project, which started its operation and

The sources indicated that the Italian company had demanded approximately 76 million dollars in return for the high operating cost and about 450 million pounds as compensation for the exchange rate differences.

She expected “Kima” to obtain all the details of the official settlement from the Council of Ministers within a few weeks, provided that it will be disclosed to the Stock Exchange at the time. “Kima” established it according to market prices subject to competition, supply, and demand.

She added that this scenario includes “Technomont” bearing all operating and maintenance expenses for the second year of operation, with incentives representing a share of the project’s profits if production exceeds certain limits.

The sources ruled out that “Kima” would distribute profits for the fiscal year ending 2022-2021 because it incurred staged losses, in addition to the need to provide liquidity to enter into any future investment projects, including the “Unit of The new nitric acid.”

The sources estimated the cost of a unit of nitric acid production at about 5 billion pounds at current market prices.

Mentions “Kima” achieved a net profit of 651.48 million pounds during the fiscal year 2022-2021, compared to losses amounting to 1.42 billion in the same fiscal year, supported by the growth of sales revenues.

Popular posts from this blog

ASL - What Is the Market?

  What Is the Market?  Americans who want to succeed in the job market should have at least a bachelor's degree. However, as a result, it is becoming more important, and college has also been getting more expensive. And herein lies the importance of student loans. The foundation of personal financial well-being is the ability to earn a living and set aside a regular percentage of that income for future needs, goals, and aspirations. Therefore, a career planning process that helps students choose and secure the most excellent occupations is the best method to guarantee long-term financial well-being and personal satisfaction.
Read more

alasla state student Loan - Articles links.

Image
  Description of the Situation . The average level of Indebtedness: What Is the Real Cost of Education? What Average Time to Get Out Of Debt and Average Length of Student Loan . Where to Start? Will You Have A Good Job Allowing You To Pay Back Your Loan? What Is the Market? . Where to Find Information about the Best Careers? Types of Loans Available in Alaska . Federal Student Loan. Alaska State Student Loan. Out-of-State for Alaska's Students. Alaska State Private Loan. Importance of Credit Score. With Or Without a Cosigner. Grant and Tuition. Free Solutions in Alaska. Types of Issues and How to Solve Them?. Planning ALL your expenses BEFORE signing for a loan. Where and When Should I Fill The Forms?. What about Taxes and Loan Interests Deductible?. What's happened if I Decided To Quit?. Conclusion.
Read more

ASL - Will You Have A Good Job Allowing You To Pay Back Your Loan?

  Will You Have A Good Job Allowing You To Pay Back Your Loan? Sometimes it takes a long time to find a job that pays you enough to start repaying your student loan debt after you graduate, which might delay the process of paying back your loans. There are options available because of this. After you graduate, you have six months of grace period before you are ever required to make a single loan payment. If necessary, you can extend this time frame for your student loan debt by up to an additional two years. Even though you won't have to make any payments and they won't affect your credit, note that the loans will accrue interest. This is a good option if you want to return to school or don't have a high-paying career yet. Additionally, you can combine your student loan debt into one more considerable debt with a single payment.
Read more