PetroVietnam, OCP sign MOU for new DAP plant

Casablanca-PetroVietnam Fertilizer and Chemical Joint Stock Co. (PVFCCo), a member of the Vietnam Oil and Gas Group, and Office Cherifien des Phosphates (OCP) of Morocco have signed a Memorandum of Understanding to cooperate on the construction of a new DAP plant in Morocco. The plant would reportedly produce 660,000-1 million mt of DAP, with a total investment of US$600 million. The completion is expected in 2011.