Financials and Investment News in Oman

Rex Shows Strong EBITDA, Proft after Tax and Cash Position Development for FY2021
2/28/2022 - Rex International Holding Limited, an oil exploration and production company, has announced its financial results for the year ended 31 December 2021 (“FY2021”). For FY2021, the Group recorded rev...
Rex Reports Five-fold Year-on-year Increase in Revenue for 1H FY2021
8/12/2021 - Rex International Holding Limited, an oil exploration and production company, has announced its financial results for the six-month period ended 30 June 2021 (“1H FY2021”). For 1H FY2021, the Grou...
Rex Reports Profitable 2H FY2020
2/26/2021 - Rex International Holding Limited, a technology-driven oil company, has announced its financial results for the six-month period ended 31 December 2020 (“2H FY2020”) and for the financial year end...
Rex Appoints ABG Sundal Collier to Review Financing Options
9/29/2020 - Rex International Holding Limited, a technology-driven oil company, has appointed Nordic independent investment bank ABG Sundal Collier ASA (“ABGSC”) as financial adviser and intermediary to review no...
APICORP Announces USD 500M to Member Countries in COVID-19
4/29/2020 - The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution has launched a USD 500 million countercyclical support package aimed at supporting its clients in...
APICORP Commits $100 million in Funding Support for Duqm Refinery
12/23/2018 - The Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, has announced a $100 million investment as part of a consortium of international and regional banks to finance th...
$4.6 billion Financing Signed for Duqm Refinery
12/5/2018 - Duqm Refinery announced its project’s financial close at a gala dinner held at the Intercontinental Hotel Muscat. Achieving a multi-source project financing for the Duqm Refinery project was a major m...
Oman Gas Signs Loan Agreement with Domestic, International Banks
11/6/2018 - State-owned Oman Gas Co. has signed a financing agreement with a group of seven local and international banks, the firm stated on Twitter, without giving details on the size of the financing. ...
Occidental Petroleum Takes $196M Charge on ISND Exit
11/5/2018 - Occidental Petroleum Corporation announced net income for the third quarter of 2018 of $1.9 billion, or $2.44 per diluted share, which included an after-tax gain on the sale of domestic midstream asse...
Duqm Refinery Launches ICV Forum
9/18/2018 - Duqm Refinery launched its In-Country Value (ICV) Programme Opportunities Forum at the Crowne Plaza Hotel in Duqm. The launch of the programme coincides with the beginning of construction of the refin...
Implementation of Seawater Desalination Business in Oman
7/23/2018 - JGC Corporation (hereinafter “JGC”) announced today that Al Asilah Desalination Company S.A.O.C (hereinafter “Asilah”), in which JGC is the major shareholder, has received an award to build, own and o...
Duqm Refinery to Achieve Financial Close in Second Quarter of 2018
3/5/2018 - Duqm Refinery, a 50:50 partnership of Oman Oil Company and Kuwait Petroleum International (KPI), hopes to close the financing of its estimated $7 billion grassroots refinery project in Duqm Special Ec...
Meethaq, HCF Sign Financing Deal for Oman Project
2/24/2018 - Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, and Hydrocarbon Finder E&P LLC (HCF) signed an Islamic project financing facility for the development of oil and gas fields in Oman’s ...
Oman’s Duqm Refinery to Seek $6 bln Bank Funding Soon
11/13/2017 - Oman’s Duqm Refinery and Petrochemical Industries Co will approach banks in about two weeks for the debt financing it needs to back a $6 billion refinery project, banking sources familiar with the mat...
Salalah Methanol Secures $728M Project Finance from 12 Banks
8/28/2017 - Salalah Methanol Company (SMC), a wholly-owned subsidiary of the Oman Oil Company (OOC), said it has secured a 12-year $728 million project finance facility for funding an ammonia project from a mix o...
Orpic Wins Project Finance Deal of the Year Award for LPIC Deal
7/24/2017 - As one of its values to aim for leading performance, Orpic has been awarded the perfect Project Finance Deal of the year (2016) from Trade and Export Finance Agency (TXF) for the LPIC project finance ...
$750m Salalah Ammonia Project Nearing Financial Closure in Oman
7/12/2017 - Having nailed down contracts for its $826 million Salalah LPG Extraction Project, Oman Oil Company (OOC) — the wholly government-owned energy investment arm — is now gearing up to deliver its next pet...
Alizz Islamic, Orpic Sign an Agreement for Petcoke Storage Facility
6/5/2017 - Alizz Islamic Bank signed an agreement with Oman Oil Refineries and Petroleum Industries Company - Orpic to provide Islamic financing facilities for the construction of a Petroleum Coke (petcoke) stor...
Gas Commitment to Determine $2.3b Duqm Methanol Project
4/22/2017 -  A proposal to set up a $2.3 billion-greenfield methanol project by Mingyuan Holdings Group Co. Ltd in Duqm will depend on the Sultanate’s commitment to supply natural gas as feedstock. ...
Oman to Seek $5b Bank Finance for $7b Duqm Refinery Project
4/10/2017 - Duqm Refinery, a 50:50 joint venture between the Sultanate’s state-owned Oman Oil Company and Kuwait Petroleum International, is seeking 65 per cent of its $7 billion capital expenditure for building ...

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