State refiner Oman Oil Refineries and Petroleum Industries Company (Orpic) has closed an OR350mn ($915mn) syndicated loan facility which will help fund a three-project development program expected to cost around $7bn and due for 2018 completion.
Oman News Agency lists the lenders as Bank Muscat, Dhofar Bank, Oman National Bank, Sohar Bank, Oman Arab Bank – all in Oman – as well as Qatari duo Ahli Bank and Qatar National Bank. (CONTINUED - 351 WORDS)
