Financials and Investment News in Oman
| 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... |
| 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 ... |
| 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... |
| 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... |
| 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... |
| 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... |
| 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... |
| 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... |
| 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. ... |
| 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... |
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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... |
| 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. ... |
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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... |
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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... |
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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... |
| 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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6/4/2012 - Middle East oil supply is believed to drop by 0.18 mb/d in 2012 to average 1.51 mb/d, representing a downward revision of 30 tb/d from the previous month. This revision comes from Oman and Yemen, whil... |
| 4/10/2012 - Four international banks are reported to have been shortlisted to participate in a bid to provide financial advisory services to Oman Oil Refineries & Petroleum Industries Company (ORPIC) linked to th... |
| 10/24/2011 - UK oil giant BP has lined up a $15 billion investment into of Oman in recognition of the potential of its gas sector and as part of a significant push into gas in the Middle East. This was disclosed b... |
| 6/13/2009 - Non-OPEC producer Oman posted a 50.5 percent drop in net oil revenues in the first four months of 2009 as oil prices weakened, but raised spending by 7.2 percent, official data showed. ... |
