Yara International ASA, Oslo, is looking to expand its business in Qatar to counter a plan by Abu Dhabi National Oil Co. and OCI NV to merge their Middle East fertilizer operations and create a $7 billion regional champion, according to a Bloomberg report. Yara will work with partners Qatar Fertiliser Co. (QAFCO) on boosting production to meet growing demand, CEO Svein Holsether said in an interview at Yara’s Capital Markets Day in London June 26. Yara has a 25 percent stake in QAFCO, set up by the Qatari government to make use of the nation’s vast gas reserves.
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