VOL. XL

No. 14

7-April-1997

OMAN

Oman-India Sign $1Bn Joint Venture Fertilizer Agreement

During a visit to Oman by a high-powered Indian delegation led byPrime Minister H. D. Deve Gowda beginning on 2 April, the two governments signed a jointventure agreement for setting up the Oman-India Fertilizer Project (OIFP), which willconstruct, manage and operate a large-scale fertilizer complex at Sur in Oman. The plantis estimated to cost $1.11bn (as opposed to the previous estimate of $850mn). The...