VOL. XLIV

No. 16

16-April-2001

QATAR

QAFCOs 2000 Net Profit Up 281%

Qatar Fertilizer Company (QAFCO) announced on 2 April that its net profit for 2000 reached QR249.6mn ($68.5mn), up by 281% over the previous years QR65.52mn ($17.9mn). QAFCOs Managing Director, Khalifa al-Suwaidi, said the "rise was mainly due to improved prices, but also to increased production." Urea output in 2000 totaled 1.6mn tons, 4% above the target figure for the year, while ammonia production totaled 1.4mn tons, up...