Sunday, 28 November 2021 11:47 GMT

Morocco to be supplied with sulphur after ADNOC and OCP deal


(MENAFN) It was declared Wednesday by the Abu Dhabi National oil Company (ADNOC) that it had inked along with Morocco's OCP Group a long-term sales agreement for OCP to be provided with granulated sulphur from ADNOC.

The terms of the deal requires ADNOC to supply OCP right until 2025, as both companies decided to think about the possibility of a gradual raise of contracted yearly volumes.

ADNOC marketing, sales and trading director Abdulla Salem Al Dhaheri announced "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.

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