OCI to work on urea plant
A joint venture (JV) agreement is set to be signed in the fourth quarter between Egypts Orascom Construction Industries (OCI) and state energy company Sonatrach for a 1 million-tonne-a-year greenfield urea plant near Arzew. The project, outlined in a memorandum of understanding signed by the two companies in February, is estimated to be worth $750 million.
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