As we look forward to a brighter future with renewed confidence, clear vision, we realize the need to adapt to constantly changing conditions, invest these variables to enhance our production capacity and reinforce QAFCO’s position as a key player in the international fertiliser market and maximize our shareholders’ earnings. In this context, a letter of intents has been signed between Qatar Petroleum (QP), Yara International and Qatar Fertiliser Company (QAFCO) for construction of a fifth production train QAFCO-5. the project is set to be a quantum leap in terms of production volume as well as technology.

QAFCO-5 facilities will include an ammonia plant and a urea plant both with a daily production capacity of 3500 MT, and a number of support utilities. The project is scheduled for completion in 2010.

QAFCO-5 is set to bolster QAFCO’s position as world-class producer of fertiliser and the world’s largest single site urea producer. The planned expansion will add 1.1 million MT of ammonia and 1.1 million MT of urea to the Company’s annual production capacity thus boosting ammonia production by 55% to 3.1 million MT per annum and urea production 40% to 4 million MT annually.