Q1 2017 Trading Update

16 May 2017


·        OCI N.V. Q1 2017 Trading Report Final.pdf

Own-produced volumes sold increased 12.0% in Q1 2017 compared to the same quarter last year

  • Egypt urea utilization rate c.100% during the first quarter of 2017 and in April
  • Expect EBIC to regain access to its export jetty by June 2017
  • Realized selling prices up from the fourth quarter, on average lower than in first quarter last year
  • Net debt stood at $4.3 billion as of 31 March 2017
  • Iowa Fertilizer Company commenced production and sales in April 2017
  • Natgasoline 81.1% complete as at 31 March 2017, expect commercial production in Q4 2017
  • Board has approved refurbishment of second methanol production line at BioMCN