Middle East Economic Survey

VOL. LIV

No 52

26-Dec-2011

oman

ORPIC Seeks Financial Adviser To Consolidate Debt And Expand

Oman Refineries and Petrochemicals Company (ORPIC) is seeking a financial adviser in order to consolidate debt at its operations and implement an expansion, MEES understands. Thus far few details have been revealed about the mandate, but the expansion could cost over $1bn. The ORPIC complex includes four industrial plants operating at two locations, in Muscat and Sohar....