Reuters
Commodities News
By Rania El Gamal
The Abu Dhabi National Oil Company (ADNOC) and OCP Group of Morocco have agreed to explore the “phased creation” of a new fertilizers joint venture comprising two production plants, one in the UAE and one in Morocco.
The proposed project comes after the announcement of a long-term sulphur offtake agreement in December 2017 between the two firms, ADNOC said in a statement.
OCP is the world’s top phosphate exporter. (Reporting By Rania El Gamal Writing By Maha El Dahan)
