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World News and Views :: Top of the News
Indian Firm Plans Big Fertilizer Complex in Nigeria
5:12 AM MDT | July 21, 2010 | Natasha Alperowicz
Nagarjuna Fertilizers and Chemicals (Hyderabad, Andra Pradesh, India) is planning to build a nitrogen fertilizer complex in Nigeria, senior sources at the company tell CW. Nagarjuna has already had discussions with state-owned oil and gas group Nigerian National Petroleum Corp. (NNPC; Lagos) on the purchase of natural gas for the proposed $1.45 billion complex, which would be built near Lagos. Further talks with NNPC are scheduled for end of August. The complex would be Nagarjuna's first outside India and would be designed to produce 730,000 m.t./year of ammonia...
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