QatarEnergy has entered into a long-term agreement with OCP Nutricrops, a subsidiary of the OCP Group, to supply sulfur over the next decade. The contract stipulates that QatarEnergy will provide up to 7.5 million tons of sulfur to OCP Nutricrops, starting from the third quarter of 2024.
OCP Nutricrops, based in Morocco, focuses on developing soil nutrition solutions to tackle global food production and sustainability challenges. The agreement aims to strengthen business ties between QatarEnergy and OCP Nutricrops as well as enhance cooperation between Qatar and Morocco.
Commenting on the agreement, His Excellency Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, said: “We are pleased to sign this agreement, solidifying our business relationship both with OCP Nutricrops and the Kingdom of Morocco. This agreement marks a significant step in advancing cooperation between our two companies and fostering mutual growth and value for both sides.”
The deal aligns with QatarEnergy’s strategy to build lasting partnerships with major players in the fertilizer industry. It also reflects the company’s commitment to supporting global agriculture and food security efforts.
Qatar is among the world’s top exporters of sulfur. Its annual production capacity is about 3.4 million tons, a figure expected to rise as new gas projects come online in future years.
