According to the India fertilizer Department news, India and Iran joint venture construction matters of urea plant has made new progress, the government of Iran plans to supply the project of natural gas price is set at 0.1 dollars per cubic meter.

India fertilizer Department (Departmentof Fertilizers, DOE) in the newly released "India fertilizer Yearbook 2013-14" disclosure of India fertilizer industry going out progress of various projects. In order to meet the rapid growth of India domestic fertilizer consumption demand, the government of India to encourage enterprises to go out, in resource, energy rich country construction chemical fertilizer factory. At present, there are six fertilizers and raw materials in foreign investment and construction projects in India and is already running. Among them, the five project is phosphoric acid project, located in Senegal 550000 tons / year, Jordan 224000 tons and 480000 tons respectively, 425000 tons of Morocco, Tunisia, 360000 tons; a project is nitrogen fertilizer plant in Oman, an annual supply capacity of 1652000 tons of urea and 248000 tons of liquid ammonia. India and Iran combined urea project is still under negotiation process, is still not implemented.

As the world's first import country, India needs to import urea supply stability. According to India customs statistics, the 2013-14 fiscal year (2013 April to 2014 March) India total imports of solid urea products 7578900 tons. According to the country of origin of imports of urea, 3145000 tons China accounted for 41.5%, Oman 2362000 tons 31.2%, 1636000 tons of Iran accounted for 21.6, Indonesia 190000 tons exchange accounted for 2.5%, accounted for 1.5% of Qatar 113000 tons, 133000 tons of other countries accounted for 1.8%. Chinese is the world's largest urea exporter, but China urea export tariff policy variable, over the years, the export tax rebate from the tariff suspension, short season seasonal tariffs, duties, tariffs, from the amount of ad valorem sliding compound tariff, let a urea importer is difficult to "playing" China supply. Oman in India to establish joint venture (each 50% shares) urea plant in the 2005-06 fiscal year to India exports a lot of urea and ammonia, become a stable source of imports.

In recent years, India imports from Iran increased faster in urea. From 2006 to 2010, American promote the UN Security Council passed a resolution imposing sanctions on Iran four, many countries to reduce trade with Iran, Iran Urea Export gradually suppressed. While India does not match American, continue to import from Iran petrochemical products, urea and other goods. According to the United Nations Trade data, 2010 to 2013 year India imported from Iran, the amount of urea respectively 578000 tons, 1538000 tons, 1533000 tons and 2003000 tons.

Learn from the successful experience in Oman, India in 2013 and Iran began talks in 伊合 funded construction of urea plant. The investment side of India for the RCF fertilizer and GNFC fertilizer company, is looking for urea plant of Iran partners to build a $1160000000, the project is located in southwestern Iran qiaba Hall Hong kong. The project construction scale for the annual production capacity of 1300000 tons of urea, all products are exported to India, the raw material for natural gas. The price of natural gas is one of the important contents of the two sides to negotiate. India fertilizer in "India fertilizer Yearbook 2013-14" disclosure of the progress of the project negotiations, the government of Iran plans to supply the project of natural gas prices in the $2.9 /MBTU (Note: MBTU is the British thermal unit), the price is equivalent to about $0.1 per cubic meter.