• Most Popular
  • Most Shared

Petrovietnam plans fertiliser venture in Morocco

Sun May 11, 2008 10:19pm EDT

HANOI, May 12 (Reuters) - State oil monopoly Petrovietnam's fertiliser unit PVFCCo DPM.HM plans to establish a joint venture with Morocco Office Cherifien des Phosphates (OCP) to invest in a fertiliser plant in Morocco.

The Vietnam News Agency on Monday quoted PVFCCo as saying it had signed a memorandum of understanding with OCP to jointly invest $600 million in the project, which is scheduled to be completed by 2011.

PVFCCo now operates Phu My Fertiliser plant with an annual capacity of 740,000 tonnes in southern Vietnam. (Reporting by Nguyen Nhat Lam, Editing by Jacqueline Wong)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets