Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Arab Potash and Jordan Bromine sign deal with US firm to import gas from Israel
5:53 AM MST | February 20, 2014 | Natasha Alperowicz
The Arab Potash Co. (APC; Amman) and the Jordan Bromine Co. (JBC) have signed an agreement with Noble Energy Co. (Houston, TX) to import 2 billion cubic meter of natural gas for 15 years starting in 2016 at a total cost of $771 million, the companies said on Wednesday. Noble Energy is a partner in Tamar’s gas field off Israel’s Mediterranean coast. APC said its 15-year agreement with the US company will reduce APC’s production costs, enhance its competiveness in the global market and its profitability, improve the prospects for future...
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