CASABLANCA: The Abu Dhabi National Oil Company (Adnoc) and the OCP Group of Morocco (OCP) announced on Wednesday the signing of a long-term sales agreement whereby Adnoc will supply OCP with granulated sulphur.

Under the agreement, Adnoc, one of the world’s largest exporters of Sulphur, will steadily supply OCP, the largest worldwide Sulphur importer, until 2025. The two parties agreed to consider a gradual increase of the contracted annual volumes. Adnoc exported more than 2 million metric tonnes of granulated Sulphur to Morocco in 2016.

Abdulla Salem Al Dhaheri, Marketing, Sales and Trading Director at Adnoc, said, “This landmark agreement, which is unique in the Sulphur industry, strengthens Adnoc’s position as one of the world’s largest exporters of sulphur. It will reinforce the sustainable supply of Sulphur to Morocco and enhance our ability to achieve positive margins.”

Mustapha El Ouafi, Managing Director at OCP, said, “Since 2008, OCP has initiated the largest investment program in the fertilizer industry with the objective of doubling its mining capacity and tripling its fertiliser capacity.”

WAM