The Oman India Fertiliser Company SAOC (''OMIFCO'') is owned 50% by Oman Oil Company SAOC (''OOC''), 25% by Indian Farmers Fertiliser Cooperative Limited (''IFFCO'') & 25% by Krishak Bharati Cooperative Limited(''KRIBHCO'')
OMIFCO has been established,as the result of an initiative by the Governments of Oman & India,inorder to construct, own and operate a modern world scale two-train ammonia - urea fertiliser manufacturing plant at the Sur Industrial Estate in the Sultanate of Oman.
The budgeted cost of the project was US$ 968 milions & financed by US$ 320 millions of equity provided by the sponsor shareholders & US$ 648 millions of debt comprising commercial, Italian & French export credit facilities provided by a group of 22 international and regional banks. |  | The implementation of the project by a joint venture of Snamprogetti of Italy and Technip - Coflexip of France under a lump-sum turnkey EPC contract started on 15th August 2002.
Completion of construction, commissioning and performance testing was done within the budgeted cost and also on schedule date of 14th July 2005, which is the start date of Commercial Production. The project was completed without any time and cost over run.No change order was issued during implementation of the project.
The Complex is designed to produce 1.652 million tons per year of granulated urea and 0.255 million tons per year of surplus ammonia using natural gas as feedstock. Both the products are being exported in bulk by ship to India. | | The Complex is equipped with latest state -of art technologies for process control, safety , energy management & environmental monitoring.
The Government of India (''GOI'') will offtake the urea production, IFFCO will offtake the surplus ammonia production and the Oman Ministry of Oil and Gas (''MOG'') will supply the gas feedstock under long-term agreements.
P.O. Box 67, PC 411, Sur,
Sultanate of Oman,
Tel : (+968) 25532000
Fax: (+968) 25562847
E-mail: omifco@omifco.com
aaaa a: omifco@omantel.net.om |