UAE’s ADNOC, Morocco’s OCP Sign 25-year Sulphur Supply Deal

UAE’s ADNOC, Morocco’s OCP Sign 25-year Sulphur Supply Deal

Abu Dhabi’s National Oil Company (ADNOC) and Morocco’s state-owned phosphates company (OCP) signed a sulphur supply agreement covering 25 years.

Under the agreement, ADNOC will increase the volume of sulphur exports to the OCP up from 2 million tons in 2016.

ADNOC, one of the world’s largest sulphur producers, sees promising prospects for raising sulphur production from 6 million tons currently thanks to its plans to achieve gas self-sufficiency by 2030.

During the signing ceremony, Abdulla Salem Al Dhaheri, marketing, sales and trading director at ADNOC, said “this landmark agreement, which is unique in the sulphur industry, strengthens ADNOC’s position as one of the world’s largest exporters of sulphur. It will reinforce the sustainable supply of sulphur to Morocco and enhance our ability to achieve positive margins.”

For his part, Mustapha El Ouafi, managing director at OCP, said that “since 2008, OCP has initiated the largest investment program in the fertilizer industry with the objective of doubling its mining capacity and tripling its fertilizer capacity. Our ambitious program will see OCP further strengthen its position as the world’s largest fertilizer producer and a leading player in the agribusiness value chain. As such, we are committed to further developing a reliable and strategic partnership with ADNOC.”

OCP, headquartered in Casablanca, is the world’s largest sulphur importer and the world’s biggest producer of phosphate-based fertilizers.

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