VOL. XLIV

No 51

17-December-2001

OMAN

SPA For Oman/India $969MnFertilizer Project Initialed

Oman and India on 5 Decemberinitialed the sales and purchase agreement (SPA) for a joint fertilizer projectto be established at the Omani port city of Sur at a cost of $969mn by theOman-India Fertilizer Company (Omifco), in which the Oman Oil Company (OOC) hasa 50% stake, with the Indian Farmers Fertilizer Cooperative (Iffco) andKrishak Bharati Cooperative each holding 25% shares. Under the SPA, Indias...