Thursday, May 03, 2012
BEIRUT (Zawya Dow Jones)--Qatar Fertiliser Co., or Qafco, expects to start operations at its under-construction Qafco VI train in December, Doha-based Al Arab daily reports Thursday, citing an executive.
This will boost Qafco's annual production capacity of urea to 5.6 million tons or 15% of the world's output of this fertilizer, Khalifa Al Suwaidi, the company's general manager, told the paper.
The prices of petrochemical products are good now and Qafco intends to enter new markets worldwide, he told the daily.
Established in 1969, Qatar Fertiliser Co. is 75% owned by metals-to-petrochemical conglomerate Industries Qatar and 25% owned by Norway's Yara International, according to Zawya.com.
Newspaper website: http://www.alarab.qa/details.php?issueId=1602&artid=187329
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
03-05-12 0903GMT
