Oil Ministry raised prices of phosphate by 10 $ per ton from $ 85 to $ 95 per ton, according to sources at the Oil Ministry and new prices is in force in 15 \ 9 \ 2010.

phosphate production in August amounted to 294,263 tons produced quantities including 272,358 tons sold abroad, valued at 15.791 million euros, while domestic sales reached to 16 991 tons valued at 31.433 million SP.

With regard to foreign sales until August 2010 the amounts of exported 2.05 million tons worth 5.9 billion Syrian pounds, equivalent to 100 million euros and an implementation rate exceeded 167% of the amount and 194% of value.

According to Oil Ministry sources, the demand exceeds the estimated production of three million tons per year and this needs to pay more investment in this sector, which needs large investments in mining and infrastructure of the railways, silos phosphate in the port of Tartus and ways to address the phosphate that would raise the added value of these raw materials Syria has a certain reserve of more than alleged 1.8 billion tons.

The Ministry of Oil seeks to raise the amount of production to more than 8 million tons annually by 2015, and planning and working on drafting legislation for the involvement of private sector investment in the raw materials and wastes where there are several offers to invest more than 70 million tons of waste phosphate has been agreed with the Iranians in letters the first investment of this waste and no other offers from Indian companies to invest in the phosphate and this would raise the revenue production, export and manufacture of phosphate and improve the quality, especially after the implementation of a line drawing of water from the Euphrates Alyhakol Huneifis in Palmyra for washing and processing of phosphate to set up plant fertilizer phosphate.

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