Omifco plans expansion of Oman production complex

Omifco, the Omani-Indian fertiliser joint venture, has moved forward with plans to expand the production capacity of its ammonia-urea complex in Sur by appointing a pre-feasibility consultant and preparing for an initial public offering of 25% of its equity stake, company sources and published reporting indicate. The announcement, dated 16 June 2026 and carried by Indrajit Sen, signals an advance in a project that would scale one of Oman’s key nitrogen-fertiliser installations.

"The Omani-Indian joint venture has appointed a pre-feasibility consultant on the project to expand the production capacity of its ammonia-urea complex in Sur, as it proceeds with an IPO of 25% of its equity stake," Indrajit Sen wrote on 16 June 2026.

Omifco operates a large integrated ammonia and urea production complex in Sur on Oman’s eastern coast. The joint venture between Omani and Indian partners has for years been a strategic supplier of nitrogen-based fertilisers to regional and international markets. The move to commission a pre-feasibility study marks the first public step toward a formal expansion programme, with the study expected to evaluate technical options, scale, feedstock arrangements and likely capital and operating costs.

The company is simultaneously preparing an initial public offering that would place 25% of its equity on the market. While Omifco has not released detailed financials or a timetable publicly, the decision to market a quarter of the company implies a strategic shift toward broader capital mobilisation and market ownership. An IPO would also typically require the completion of key studies — such as the pre-feasibility report — to underpin valuation and investor due diligence.

• Project scope: Expansion of the ammonia-urea complex in Sur; pre-feasibility consultant appointed.
• Corporate action: Preparation for an IPO of 25% of Omifco’s equity stake.
• Stakeholders: Omifco as an Omani-Indian joint venture; Sur site in Oman.

Details such as the identity of the pre-feasibility consultant, the proposed increase in production capacity, the expected capital expenditure, and the IPO timetable were not disclosed in the published item. The pre-feasibility phase typically defines options and costs and can take several months to complete, after which a full feasibility study and financing plan could follow if the venture’s board approves advancement.

Market observers say the fertiliser sector is sensitive to feedstock costs, notably natural gas pricing and availability, which will be a critical component of any expansion plan for an ammonia-urea facility. For Omifco, securing competitive feedstock and finalising offtake arrangements will be essential to underpin the economics before any public offering is launched.

Outlook: With the pre-feasibility study under way and the intention to sell 25% of equity through an IPO, Omifco appears to be positioning itself to scale operations and attract external capital. The coming months should reveal the consultant appointed, the study’s findings, and a clearer timeline for the IPO — all milestones that will determine whether the Sur complex moves from planning into execution.