GOVERNMENT OF INDIA

MINISTRY OF CHEMICALS AND FERTILIERS

LOK SABHA

UNSTARREDQUESTION NO: 3

ANSWERED ON: 2.02.2011

JOINT VENTURE PROJECTS

(a) whether a number of companies have entered into oint venture proects with foreign fertilier manufacturing companies; 

 (b) if so, the details thereof, company-wise; and 

(c) the liely effect of the recent upheaval in the Arabian countries on the said oint venture proects?

ANSWER

THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS  FERTILIERS (SHRI SRIKANT KUMAR JENA) 

 (a)  (b) Yes, Madam. Details of the eisting ongoing oint ventures (JV) abroad are given in the table below:  Project  JV partners Product  Off take arrangement Country     

Oman India  Oman Oil Co.  16.52 lakh MT Urea Offtake Agreement (UOTA) by GOI for     

ertilizer Co. (OOC-50%),CO Urea & 2.48 off take of entire uantity on pre-fied price. (OMICO), Oman (25%)& KRIBHCO lakh MT Ammonia Ammonia Offtake Agreement (AOTA) by ICO for   (25%)    off take of entire ammonia at pre-fied price.     

ICS Senegal, ICS Senegal  5.5 lakh MT  Off take agreement by ICO for off take of Senegal  and ICO phosphoric  entire uantity of phosphoric acid    consortium acid   

IMACID,  OCP (50%) -  4.25 lakh MT Off take agreement by Chambal-TCL for off take Morocco  Morocco,Chambal phosphoric of entire uantity of phosphoric acid    (25%) & TCL acid   (25%)- India     

JICO,   JPMC & ICO 4.8 lakh MT     Off take agreement by ICO for off take of Jordan    phosphoric entire uantity of phosphoric acid     acid to     be commiss-     ioned     

Tunisia-India  GCT (Tunisia), 3.60 lakh MT Off take agreement by CL-GSC for off take ertilizer CL & GSC of phosphoric of entire uantity of phosphoric acid  Company(TIERT), (India) acid  Tunisia      

Indo-Jordan  JPMC (Jordan) 2.24 lakh MT  SPIC has off take arrangement but now SPIC has Chemicals & SPIC(India) phosphoric sold its stakes.  Company (IJC),   acid Jordan  

(c) : Since these oint ventures companies wor on purely commercial terms as per international laws and practices, it is epected that there may not be any adverse impact on these companies. However, there may be minor effects in the form of stries, hurdles in operation or availability of raw materials and dispatch of finished product due to disturbances in ocean route from Sue on a temporary basis only.