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FINANCIAL NEWS
Oman’s Orpic to expand its asset base to USD10b in 5 years
30 Sep 2015
(MENAFN) Oman Oil Refineries and Petroleum Industries Company (Orpic) plans to build up its asset base from the current value of USD4 billion to over USD10 billion over five years.
Moreover, Orpic will grow its current contribution to GDP from 6 percent by an additional 2 percent and will generate four times more profit than it does today, chief executive officer said.
“This year, we are planning to start building the largest petrochemical project in Oman, the Liwa Plastics Industries Complex, at an estimated cost of USD5 billion,” minister of civil service said.
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