MUSCAT: Oman India Fertiliser Corporate (OMIFCO), which not too long ago finished some of the greatest preliminary public choices (IPOs) at the Muscat Inventory Change (MSX), has showed that its most important buying and selling spouse, OQ Buying and selling Restricted, has signed a back-to-back settlement with the Executive of India to provide urea below a long-term offtake association.
The settlement, signed on July 9, 2026, turns on a key element of the revised urea advertising and marketing framework disclosed in OMIFCO’s IPO prospectus and can come into impact on August 1, 2026, ultimate legitimate till February 20, 2031.
Beneath the association, 50 in keeping with cent of the urea bought by way of OQ Buying and selling from OMIFCO will likely be equipped to the Executive of India, offering long-term simple task for a good portion of the corporate’s export volumes.
The announcement follows OMIFCO’s a hit public checklist at the MSX after an IPO that noticed 25 in keeping with cent of the corporate introduced to traders, attracting exceptionally sturdy call for with the providing reported to were round 18 instances oversubscribed. The checklist marked a big milestone in Oman’s capital marketplace construction and broadened public participation in some of the nation’s greatest business exporters.
In a disclosure to traders on July 16, OMIFCO mentioned the execution of the settlement is absolutely in step with the preparations defined in its prospectus dated June 11, 2026.
The most recent settlement stems from a binding time period sheet signed between OMIFCO and OQ Buying and selling on April 9, 2026, with retrospective impact from February 21, 2026, setting up a brand new urea offtake framework that replaces the former advertising and marketing association between the 2 corporations.
Beneath the revised settlement, OQ Buying and selling will proceed to buy 100 in keeping with cent of OMIFCO’s exported urea manufacturing, with the exception of home gross sales, representing roughly 2 million metric tonnes in keeping with annum (mtpa). Annual offtake volumes will likely be agreed all over the fourth quarter every yr and can take impact from January 1 of the next yr.
Urea will proceed to be equipped on a free-on-board (FOB) foundation at OMIFCO’s export jetty, with possession and chance shifting to OQ Buying and selling upon vessel loading.
The settlement additionally formalises the devoted provide dedication to India. Matter to annual manufacturing achieving a minimum of 2 million mtpa, roughly 1 million tonnes of urea once a year will likely be allotted to the Executive of India thru OQ Buying and selling. Must manufacturing fall under that stage in any calendar yr, deliveries to India will likely be lowered proportionately on a 50 in keeping with cent foundation.
Pricing below the brand new offtake association will proceed to be related to prevailing world marketplace benchmarks. Urea offered by way of OMIFCO to OQ Buying and selling will likely be priced at a cut price of between 3.0 in keeping with cent and three.5 in keeping with cent to chose Center East free-on-board netback indices. Volumes destined for the Executive of India will as an alternative be priced in opposition to a devoted India-specific benchmark according to the typical Center East FOB non-US netback index over the 2 weeks previous the invoice of lading date.
The settlement reinforces OMIFCO’s long-standing position as a strategic provider of fertiliser to India whilst offering higher visibility over export volumes and advertising and marketing preparations following its transition to a publicly indexed corporate.
