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Omifco signs urea supply agreement with Indian government
Oman Fertiglobe, listed on the Muscat Stock Exchange, announces the signing of a urea supply agreement with OQ Trading Company to sell a portion of its production to the Indian government. The agreement spans from August 1, 2023, to February 20, 2031, and includes the sale of 50% of the urea sales purchased by the company from Oman Fertiglobe. This comes as part of the company's new urea buying and selling arrangements. Meanwhile, Oman Fertiglobe reported a 48.04% increase in profits for the first half of 2026, achieving a net profit of 80.22 million Omani rials. Oman Fertiglobe is regarded as one of the leading nitrogen fertilizer producers in the Sultanate of Oman and exports its products to global markets.
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