Qafco to supply 250,000m t/y urea to Vietnam
21 May 2008 06:59 [Source: ICIS news]
DUBAI (ICIS-news)--Qatar Fertiliser Co (Qafco) plans to supply PetroVietnam Fertilizer and Chemicals Co with 250,000m tonnes/year of urea, it said.
The company had signed a memorandum of Understanding (MoU) with PetroVietnam on 20 May in Doha, Qatar, the company added in statement on Tuesday, but did not provide any further details.
Qafco managing director Khalifa Abdulla Al Sowaidi said, "It is part of our strategy to strengthen our share in Qafco’s traditional markets, taking into consideration current and future Qafco expansion."
The agreement would help Qafco become the leading fertilizer exporter to Vietnam, he added.
QAFCO is jointly owned by Industries Qatar, which has a 75% stake and Yara International, a 25% shareholder.
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By: Abdelghani Henni
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