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FINANCIAL NEWS
Oman’s Orpic issues USD400mn worth of deals to small units
29 Nov 2016
(MENAFN) Oman Oil Refineries and Petroleum Industries Co. (Orpic) will offer business chances worth of USD400mn for small and medium enterprises (SMEs).
In addition, these business chances, involving sub-contracting works, will be given by four major dealers who have won these packages as part of in-country value obligation.
On the other hand, the firm has already awarded 4 major packages to multinational contracting firms for building Liwa Plastics Industries at USD4.5bn.
Accordingly, there is an in-country value obligation in the contract with EPC contractors, while they are in four categories, which has to be a minimum of 25pct.
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