Oman’s ORPIC secures $910 million syndicated loan

Region:

Middle East & Africa

Jonathan Bell

Editor-in-chief

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State-owned Oman Oil Refineries and Petroleum Industries Co (ORPIC) has secured an OMR350 million ($910 million) syndicated corporate loan facility from local and regional banks. The group says this is the first syndicated corporate debt raising activity conducted by the holding company.