GE in deal for Qatar Qafco-5 fertilizer project

08 January 2008 20:15  [Source: ICIS news]

TORONTO (ICIS news)--General Electric Oil & Gas has signed a letter of intent with Qatar Fertilizer Company (Qafco) to provide gas turbines and compressor technology for the planned Qafco-5 ammonia and urea project, it said in a press statement issued on Tuesday in Dubai.

 

GE did not disclose the value of the deal.

 

A spokesperson at GE’s headquarters in Fairfield, Connecticut, was not immediately available for comment on Tuesday.

 

In December, Qafco awarded South Korea’s Hyundai an engineering contract for the Qafco-5 expansion project which, at an estimated of about $3.2bn (€2.2bn), is described a one of the world's largest fertilzer plants.

 

($1.00 = €0.68)

By: Stefan Baumgarten
+1 713 525 2653

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