OMIFCO Secures Positive Signs on Natural Gas Feedstock for Expansion

Oman's Oman India Fertiliser Company (OMIFCO) is in talks with Integrated Gas Company (IGC) over securing additional natural gas feedstock, a crucial prerequisite for expanding its ammonia and urea production capacity.

The company's senior management said the discussions are progressing positively, but a final investment decision on the expansion has yet to be taken. OMIFCO submitted a formal gas-allocation request to IGC and is seeing 'positive signs' regarding the availability of the required volumes for the proposed expansion.

Once the allocation is secured, the project will undergo detailed technical and commercial evaluations before being presented to OMIFCO's board for approval. The financing structure, including the mix of equity and other funding sources, will be determined as part of the final investment decision.