A Government of Oman (GOO) and Government of India (GOI) joint venture fertiliser project in Oman.
GOO will supply gas under a 20 year GSA at a fixed price for the first 10 years with an escalation formula there after.
GOI will offtake the Urea production under a 15 year UOTA on a take-or-pay basis at pre-determined prices
IFFCO will offtake the surplus Ammonia production under a 10 year AOTA on a take-or-pay basis at a fixed price.
A project with robust economics providing benefits to Oman & India.