Orpic to use debt financing
Oman's Orpic $5.2bn plastic plant to be 70pc debt financed
SOHAR, September 8, 2015
State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) will use debt financing for 70 per cent of the funding of its $5.2 billion plastics production complex, the Liwa Plastics Project, Orpic's chief finance officer said.
Nazar Al Lawati was speaking at a news conference in Oman.
Another senior Orpic official, Hilal Al Hinai, general manager of corporate support, told Reuters that Orpic expects to sign the finance deal with local and international lenders in October.-- Reuters
