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FINANCIAL NEWS
Orpic to invest USD5 b to USD6 b on different projects
29 Sep 2013
(MENAFN) Oman Refineries and Petroleum Industries Company (Orpic) plans to pump USD5 billion to USD6 billion into expanding Sohar Refinery and other projects in the following five years, Times of Oman reported.
The investment is to increase the production of Sohar Refinery by 60,000 barrels per day as well as build a USD3.6 billion plastic project and run a 280-kilometer pipeline linking Sohar with Muscat refineries.
The planned Liwa Plastics project, which comprises of six integrated components, is expected be operational by 2018. Work on the link between Sohar and Muscat is expected to commence in next year’s first quarter.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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