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Financials and Investment News in Oman

New Mining Law to Speed up Processing of Licences
10/30/2016 - The new mining law, which will be announced soon, is expected to speed up processing of mining licences and bring more clarity to help mining firms to avoid project delays, according to a top-level of...
Oman Crude Oil Financial Contract Closes at US$49.75
10/18/2016 - The price of Oman Crude Oil Financial Contract, DME Oman, for December delivery, closed at US$49.75 a barrel at Dubai Mercantile Exchange at 12:30 p.m., Dubai time. ...
Omanoil Inks deal with Al Raffd Fund to Support SMEs
10/16/2016 - Reaffirming its dedication to support the growth of the Sultanate’s entrepreneurial community, Oman Oil Marketing Company (omanoil) signed an agreement with the Al Raffd Fund to finance the creation o...
Oman Oil Upstream Unit Looks to Borrow at Least $1 bln
10/7/2016 - Oman Oil Company Exploration & Production (OOCEP) has appointed Sumitomo Mitsui Banking Corp as financial advisor to arrange a loan which is likely to be in excess of $1 billion, banking sources said....
Orpic’s Plastics Complex to Offer $1.5b in Business to Omani Firms
8/14/2016 - As part of a major initiative to strengthen in-country value (ICV) while building mega projects, contractors handling $6.5 billion worth of Liwa Plastics Industries Complex project have agreed to purc...
Petroleum Development Oman to Borrow $3.4 billion
6/5/2016 - Majority state-owned Petroleum Development Oman (PDO) has confirmed that it is in talks to borrow $3.4 billion from an international finance house. “Our company is in the process of raising a loan to ...
Ras Markaz Project to Seek Global Funds
4/30/2016 - The construction of the first phase of Ras Markaz Oil Storage Terminal which involves the project’s infrastructure will cost anything between $300 to 400 million. This was stated by Dr Mohammed bin Ha...
Omani Oil Majors in Talks on $4.35b Loans
4/17/2016 - Two major Omani state-owned oil companies are in negotiations regarding loan facilities worth a combined $4.35 billion, sources aware of the matter said, as the duo turn to bank markets for finance in...
Orpic Finalises Financing Deal for $3.8b Liwa Plastic Project
3/12/2016 - State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) said that the company has closed its Liwa Plastic Industries Complex’s $3.8 billion project financing facility for its $6.5 bil...
Petroleum Development Oman to Borrow Abroad to Finance Projects
2/15/2016 - State-owned Petroleum Development Oman (PDO) will in future borrow abroad if it needs to finance projects rather than ask for more funds from its shareholders, Minister of Oil and Gas Mohammad bin Ham...
Bank Nizwa Signs $50m Financing Agreement with Hydrocarbon Finder
2/15/2016 - Bank Nizwa SAOG has signed an agreement to provide a structured financing facility of USD 50 million to Hydrocarbon Finder E&P LLC (HCF), an independent Oil & Gas exploration & production company prom...
Korea Eximbank to Provide $370m Project Financing for Liwa Plastics
2/3/2016 - The export-import Bank of Korea (Korea Eximbank) will provide $370 million (447.33 billion won) to finance the Liwa Plastics project in Sohar, construction of which has been awarded to Korea’s GS Engi...
ORPIC to Use Debt to Finance most of $5.2 bln Plastics Plant
9/8/2015 - State-owned Oman Oil Refineries and Petroleum Industries Co (ORPIC) will borrow money to finance 70 percent of its $5.2 billion plastics production complex, its chief financial officer said. ...
Orpic Secures a $909m Syndicated Loan
5/18/2015 - Orpic, Oman’s national refinery and petrochemical company, commemorated the successful closure of an OMR350 million Corporate Loan syndicated facility at its Mina Al Fahal refinery site. This is the f...
Middle East Oil Supply - March 2013
Middle East Oil Supply - March 2013 3/26/2013 - Middle East oil supply is estimated to remain relatively steady in 2013, with a minor increase of 10 tb/d, and average 1.51 mb/d, which would indicate a minor upward revision of 10 tb/d from last mont...
Frontier Resources: Update on Proposed Admission to AIM
2/14/2013 - Frontier Resources International plc, the Middle East and Southern Africa focussed oil and gas exploration company, confirms its intention to seek admission to AIM. ...
Middle East Oil Supply - September 2012
Middle East Oil Supply - September 2012 10/11/2012 - Oil production from the Middle East is seen to average 1.53 mb/d in 2012, a decline of 0.17 mb/d. Middle East oil supply remained relatively unchanged compared to the previous MOMR, with offsetting mi...
Tethys Oil Issues Three Year Bond Loan
Tethys Oil Issues Three Year Bond Loan 8/31/2012 - Tethys Oil AB issues a secured three-year bond loan of SEK 400 million. The bonds are issued at 100 percent of the nominal value and run with a fixed interest rate of 9.50 percent per year. Settlement...
Middle East Oil Supply - June 2012
Middle East Oil Supply - June 2012 6/30/2012 - Middle East oil production is estimated to average 1.50 mb/d in 2012, a decrease of 190 tb/d from 2011 and indicating a downward revision of 10 tb/d from last month. This revision comes from Syria, wh...
The Omani Economy Benefited from Boom in Oil Prices
6/6/2012 - The Omani economy benefited from the boom in oil prices, with the Gross Domestic Product (GDP) registering a rise of 22.7 per cent at the current prices in 2011. The Sultanate’s GDP rose to RO 27 bill...

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