Adnoc’s downstream push continues through a JV with OCI to create Mena’s largest fertilizers producer. The deal follows Adnoc’s strategy of “value added” expansion.

OCI, a Dutch-based firm with Egyptian roots, is to combine its Mena fertilizers business with Abu Dhabi state firm Adnoc’s fertilizers subsidiary. The 17 June deal creates the Mena region’s largest fertilizer producer.

OCI (formerly Orascom Construction Industries) is part of a...