(MENAFN- Khaleej Times)The money will be used to meet general corporate requirements and certain projects currently being considered.
State-owned Oman Oil Refineries and Petroleum Industries Co has taken out a OR350 million ($910 million) ten-year loan from local and regional banks part of which will be used to fund expansion projects the company said on Friday.
The money will be used to “meet general corporate requirements and certain projects currently being considered” chief financial officer Nazar Al Lawati said.
The syndicated loan was arranged by Bank Muscat while the consortium included Bank Dhofar National Bank of Oman Bank Sohar the local operation of Qatar National Bank and other banks.
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