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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
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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