Qatar Petroleum acquires Yara’s 25% stake in QAFCO for US$1 billion

QATAR – Qatar Petroleum (QP) has signed an agreement with Yara international to acquire its 25 percent stake in Qatar Fertiliser Company (QAFCO) for $1 billion, a joint QP, Yara statement has revealed. The transaction will mark a end of a partnership that started with the establishment of  QAFCO, a joint venture, in which Yara owned a 25% share with the remaining 75% owned by Industries Qatar (IQ). QAFCO since then has become the world’s largest single-site urea producer, representing a significant percentage of the world’s traded urea volume, according…

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