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Regions :: Middle East :: Oman

Iran Gives Omani Partner Deadline to Proceed with Ammonia-Urea Project

10:15 AM MST | March 11, 2011 | Natasha Alperowicz

Iran's National Petrochemical Co. (NPC; Tehran) has given a two-months deadline to Oman Oil Co. (OOC) to fulfill its obligations for a proposed ammonia-urea joint venture complex in Iran. NPC's project manager Ahmad Heidarnia says that NPC is ready to replace OOC with a domestic or another foreign partner. Iran and OOC signed a memorandum of understanding in August 2009 to build Hormouz ammonia/urea joint venture complex at Assaluyeh, Iran. The agreement was inked by Gholam-Hossein Nozari, the then oil minister of Iran and by the Omani commerce minister...

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