August 17, 2020
Ameropa Further solidifies its position as the leading Urea trading company
Ameropa and OQ Trading Limited (OQT) entered a 3-year granular urea off take agreement. Our first vessel, MV Sagar Kanta completed loading on August 2nd, 2020 with 49'500 mts of granular urea and its already on its way to Brazil.
This ground-breaking deal with OQT, which is being supported by OMIFCO (Oman India Fertiliser Company SAOC), further solidifies our role as the leading urea trading company in the world and helps us gain additional market share in strategic regions.
The OMIFCO plant was built in 2005, established as the result of an initiative by the Sultanate of Oman and the Government of India, in order to construct, own and operate a modern world scale two-train ammonia-urea fertiliser manufacturing plant at the Sur Industrial Estate in the Sultanate of Oman. OMIFCO is owned 50% by Oman Oil Company SAOC (OQ), 25% by Indian Farmers Fertiliser Cooperative Limited (IFFCO) & 25% by Krishak Bharati Cooperative Limited (KRIBHCO). The plant has the capacity to produce 2 x 1’750 mts/day of Ammonia and 2 x 2’530 mts/day of granular urea from 2 Urea Plants. Annual granular urea exports are about 2M mts.
OQT is a fully-owned subsidiary of OQ, a global integrated energy company fully owned by the Sultanate of Oman. At present, OQ is a $28Bn company operating in 13 countries across the globe. OQ covers the entire value chain in the hydrocarbon sector from exploration and production, to marketing and distribution of end-user products. OQ’s fuels and chemicals are sold in over 60 countries worldwide.