The facility will be used mostly to prepay the existing debts at the kingdom’s two refiners, the Sohar Refinery Company (SRC) and ORC, ahead of their merger as Oman Refineries and Petrochemicals Company (ORPC). The first repayment will be made next March.ORPC, 75% owned by the Ministry of Finance and 25% by Oman Oil Company,…
OMAN: Banks extend Oman Refinery Company $1.37 billion financing facility
Posted on October 18, 2007 by EnergyAsia