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 volume 7, issue #10 - Thursday, May 16, 2002

Technip and Snamprogetti to build Oman urea plant

22-04-02 Technip-Coflexip in a 50:50 joint venture with Snamprogetti signed with Oman-India Fertilizer, a lump sum turnkey contract worth about $ 770 mm for the design and construction of a fertilizer complex in Oman, Technip announced. The complex will be erected at Sur, 150 km south of Mascate.
It will comprise two 1,750 tpd ammonia plants using the Haldor Topsoe technology, two 2,350 tpd urea plants using Snamprogetti's technology and two granulation units. The complex also includes associated utilities, offsites and marine works.

It will be the world's largest grassroots fertilizer complex. Technip-Coflexip and Snamprogetti will supply engineering design, equipment and materials, construction management, start-up supervision as well as training of the client's personnel.
This project will contribute to the valorisation of the Sultanate of Oman's vast gas resources and will assure export of the total urea production to India, thus strengthening commercial relationships between the two countries, Technip-Coflexip noted. Works will be completed within 35 months from the coming into force of the contract.

Financing of the project is currently being finalized, which will enable the project to soon get under way, the company added. OMIFCO's shareholders are Oman Oil (50 %), the Indian fertilizer companies KRIBHCO (25 %) and IFFCO (25 %).

Source: Platts



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