(a) whether the Government propose to take a long term view on the delayed one
billion dollar urea project with Oman in the wake of low international urea prices and
surplus stock in the country;
(b) if so, the details in this regard;
(c) the present status of the project; and
(d) the likely impact of scrapping of the said project on the domestic plants and the
international agreements?
MINISTER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS
(SHRI RAMESH BAIS)
(a) to (c): It has not been possible to take an early decision with regard to Indo-
Oman Fertilizer Project on account of the need to restructure the project in the wake of
the fall in international urea prices and the consequent stiff conditions imposed by the
foreign lenders which were not acceptable to Indian Sponsors of the Project. The Project
can be implemented only after the approval of the restructured project, which is under
consideration of the Government of India.
(d): Since no such decision has been taken by the Government, the question does not
arise.