Regulatory Filings • Nov 12, 2014
Regulatory Filings
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Amsterdam, the Netherlands / 12 November, 2014 8:30 AM
OCI N.V. (announced today that Sorfert, its joint venture with the Algerian oil and gas conglomerate Sonatrach, was officially inaugurated on 10 November 2014. The inauguration ceremony was led by the Algerian Prime Minister, his Excellency Mr. Abdlmalek Sellal, and was attended by the Minister of Energy and Mining, his Excellency Mr. Youcef Yousfi, the Minister of the Interior and Local Government, Mr. Tayeb Belaiz, and the President of the People's Assembly of Oran, Mr. Abdelhak Kazi Tani.
Sorfert is capable of producing 1.26 million metric tons of granular urea and 0.8 million tons of merchant anhydrous ammonia. Sorfert is owned by a 51/49 OCI and Sonatrach partnership and was constructed by OCI. The facility employs 762 engineers, of which 86% are Algerians. In addition, north of 5,000 Algerians were employed during Sorfert's construction phase.
Nassef Sawiris, Chief Executive Officer of OCI N.V., commented: "Sorfert is Algeria's first granular urea production facility and is the country's largest exporter excluding oil and gas facilities. We are proud to be a significant contributor to Algeria's strategic push to diversify its economy and we look forward to continuing our successful long-term partnership with Sonatrach and to working closely on future joint investments."
OCI N.V. is a global producer of natural gas-based fertilizers & industrial chemicals and an engineering & construction contractor based in the Netherlands. The Fertilizer & Chemicals Group produces nitrogen fertilizers, methanol and other natural gas based products, serving agricultural and industrial customers from the Americas to Asia. We rank among the world's largest nitrogen fertilizer producers with current production capacity of nearly 7 million metric tons in the Netherlands, the United States, Egypt and Algeria. The Engineering & Construction Group provides international engineering and construction services primarily focused on infrastructure, industrial and highend commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. It ranks among the world's top global contractors. OCI N.V. employs approximately 55,000 people in 35 countries and is listed on Euronext in Amsterdam.
Hans Zayed Director Email: [email protected]
Erika Wakid Email: [email protected]
Tel: +31 (0) 6 18 251 367
OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY
Mijnweg 1, 6167 AC Geleen, The Netherlands
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