Kuwait-based leading petrochemical company, Petrochemical Industries Company (PIC) has entered into an agreement with the Kuwaiti Farmers Union in order to supply urea fertilizers to the local market.
PIC is a subsidiary of the state-owned conglomerate Kuwait Petroleum Corporation (KPC) and is a petrochemical industry leader in Kuwait and throughout the Middle East, and a growing leader worldwide.
The petrochemical company said in a statement that the contract includes the supply of 75 tons of urea (granular), starting from this February to next March. “The product will be delivered at an appropriate shipping and transportation cost,” the company added.
Further, the PIC noted that the contract is part of a larger collaboration and affirms the company’s commitment to agriculture and local farmers.
“The contract was signed on behalf of PIC Director of Fertilizer Marketing and Supply Operations Mr. Abeer Marafi, while it was signed on behalf of the Kuwait Farmers Union, the head of the union, Mr. Muhammad Al-Otaibi,” according to the reports.
Further, the company remarked that it had contacted the National Corporation for Chemical Fertilizers in Bahrain to ship and transport the urea product from the Gulf Petrochemical Industries Company factory to produce fertilizers.
Petrochemical Industries Company
Founded in 1961, Petrochemical Industries Company (PIC) is the petrochemical arm of KPC. The company intends to become a global petrochemical company committed to adding value to Kuwaiti national resources. The activities of PIC are focused on manufacturing and marketing of petrochemicals and Fertilizers, operating through its own assets and joint ventures located inside and outside Kuwait.
