# Adnoc, Morocco's OCP explore fertiliser joint venture | The National

> Abu Dhabi National Oil Company and Morocco's OCP Group signed an agreement to study a phased fertiliser joint venture with plants in the UAE and Morocco. The pact follows a long-term sulphur offtake partnership signed in December. Adnoc also announced a plan to invest Dh165bn in refining and chemicals over five years.

- Date: 2018-05-15 · published 2018-05-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/65333-adnoc-morocco-s-ocp-explore-fertiliser-joint-venture-the-national
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

A possible large fertiliser venture between two major phosphate and sulphur producers could expand future phosphate supply, but it is only an exploratory agreement with no near-term volume or price impact.

## Read by commodity

- PHOSROCK: neutral

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/energy/adnoc-morocco-s-ocp-explore-fertiliser-joint-venture-1.730599

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.