Viet Nam to import fertilizer from Qatar

The Qatar Fertiliser Company (QAFCO) will ensure supply of large amounts of urea to Viet Nam over a three year period, according to PetroVietnam Fertiliser and Chemical Joint Stock Company (DPM).

A principle commercial contract on the long-term supply of urea to Viet Nam has been signed between QAFCO, a world leader in fertiliser export, and the DPM, a member of the Viet Nam Oil and Gas Group (PetroVietnam).

The contract also creates a legal basis for economic cooperation between QAFCO and DPM in the future.

Earlier, PetroVietnam and DPM officials signed a memorandum of understanding with Morocco’s Office Chierifien des Phosphates (OCP) on the construction of a DAP fertiliser in Morocco. The project, with an initial investment of 600 million USD, will provide the Vietnamese market with 660,000-1 million tonnes of DAP a year from 2011.

So far this year, DPM has signed contracts to import 150,000 tonnes of fertilisers. The company plans to import a total of 250,000 tonnes of fertilisers in 2008. (VNA)