Oman India Fertilizer Project: A Memorandum of Understanding was signed on 30.7.94 between the Government of India and the Government of Suitanate of Oman, Expressing interest in sponsoring the design, construction, financing and operation of a world scale fertilizer complex in Oman. The Joint Venture Agreement of the project was signed in April 1997. The project wherein the investment of US$ 160 million as equity by IFFCO and KRIBHCO from the Indian side, provides for a buy back arrangement for 16.52 lakh tonnes of urea produced by the project by the Government at a Long Term Fixed Price for a period of 15 years. The major agreements relating to the project were finalised and signed by the parties to the agreements in May-July, 2002. The project has commenced implementation on 15.8.2005 and would be completed by August 2005.

SPIC's Dubai Fertilizer Project: SPIC is setting up a gas-based nitrogenous ferlizer plant at Dubai in United Arab Emirates to produce 4.00 lakh MT of urea at an estimated coast of US$ 170 million. The project is under implementation and is expected to be commissioned by the forth quarter of 2004.