'''FertiNitro''' (''Fertilizantes Nitrogenados de Oriente'') is Venezuela's largest fertilizer company, producing around 1.5m tons of urea per year. It was nationalised in October 2010, having previously been owned by {{ill|Pequiven|es|Petroquímica de Venezuela}} (35%) and Koch Industries (35%).{{citation needed|date=July 2023}} The nationalization led to negotiations for repayment of the bonds FertiNitro had issued, which led to the Government ultimately offering 105 cents on the dollar (i.e., the bonds' principal plus a portion of the contractual make-whole).<ref>''BusinessWeek'', 13 December 2011, [http://www.businessweek.com/news/2011-12-13/chavez-windfall-for-bondholders-means-60-fertinitro-return.html Chavez Windfall for Bondholders Means 60% FertiNitro Return]</ref>
FertiNitro is one of the world's main producers of nitrogen fertilizer, with daily production capacity of 3,600 tonnes of ammonia and 4,400 tonnes of urea.<ref>Reuters, 10 October 2010, [https://www.reuters.com/article/idUSN1026579720101011 UPDATE 3-Venezuela nationalizes Koch, Eni fertilizer plant]</ref>
==References== {{reflist}}
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Category:Agriculture companies of Venezuela Category:Chemical companies of Venezuela Category:Fertilizer companies Category:Government-owned companies of Venezuela Category:Government-owned chemical companies
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