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# Yara bidding farewell to Qatar Fertiliser

Publication Date: 2020-03-10T08:58:24-04:00
Last Updated: 2020-03-10T08:03:54-04:00

Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/)

Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/)

![Yara bidding farewell to Qatar Fertiliser](https://www.fertilizerdaily.com/wp-content/uploads/2020/03/yara-quatar.jpg)

The long-standing and highly value-creating partnership is coming to an end.

Norwegian fertilizer producer Yara International (hereinafter – Yara) has signed an agreement with Qatar Petroleum to sell its 25% stake in the authorized capital of the joint venture Qatar Fertiliser for $ 1 billion.

Since the establishment of the joint venture Qatar Fertiliser Company in 1969, the company has become the world’s largest single-site urea manufacturer with the production capacity up to 5.6 million tons of urea per year.

Yara has owned 25% of its registered capital, the remaining 75% share is owned by Industries Qatar (its 51% of the registered capital is owned by Qatar Petroleum).

The deal between Yara and Qatar Petroleum is subject to approval by the Qatar government.

Tags: [urea](https://www.fertilizerdaily.com/tag/urea/), [Yara](https://www.fertilizerdaily.com/tag/yara/), [Yara International](https://www.fertilizerdaily.com/tag/yara-international/)

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