Ammonia Fertilizer Joint Venture for Indian Fertilizer Industry

Editor: Dominik Stephan

At the behest of the Government, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Krishak Bharati Cooperative (KRIBHCO) have collaborated with Oman Oil Company to set-up a Joint Venture entity namely ‘Oman India Fertilizer Company’(OMIFCO) for production of urea and ammonia.

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(Picture: PROCESS India)

New Delhi/India – Under this arrangement, OMIFCO is supplying its urea to the Government of India at pre-determined prices for a period of 15 years from the year 2005 and OMIFCO is supplying ammonia through IFFCO as per the Ammonia Off-take Agreement for 10 years at a fixed price from the year 2005.