VOL. XXXIX

No. 19

5-February-1996

QATAR

QAFCO Realizes Net Profit Of $151Mn In 1995

The Qatar Fertilizer Company (QAFCO) - owned 75% by the Qatar General Petroleum Corporation (QGPC) and 25% by Norway's Norsk Hydro - has announced net profits of QR550mn ($151mn) for 1995, a 90% increase over the 1994 profits of QR290mn ($79.60mn). QAFCO's Managing Director, Mr. Faisal al-Suwaidi, attributed the big increase in profits to the rise in the price of ammonia on international markets as well...