OMIFCO
Collaboration between two governments laid the foundations for a exclusive fertiliser company
OMIFCO has direct access for shipping through facilities exclusively built at the start of the project
The Oman India Fertiliser Company S . A . O . C ( OMIFCO ) as the name might suggest , has seen the transcontinental cooperation of bodies from two countries to create a unique initiative . Today , the company is celebrating more than 10 years of operations and a turnover in excess of $ 300 million .
Back in 1998 , a long-standing relationship between the two countries historically led to a Memorum of Understanding ( MOU ) to construct , own and operate a modern world scale twotrain ammonia-urea fertiliser manufacturing plant at the Sur Industrial Estate in the Sultanate of Oman . OMIFCO is owned 50 percent by Oman Oil Company SAOC ( OOC ), 25 percent by Indian Farmers Fertiliser Cooperative Limited ( IFFCO ) and 25 percent by Krishak Bharati Cooperative Limited ( KRIBHCO ).
Once funding in the region of $ 640 million was secured , OMIFCO was able to acquire land near to the Oman coast , next to OLNG plant which had
54 August 2015