VOL. XXXII

NO. 41

17-JULY-1989

Financial and Banking News

LOANS AND ISSUES

Oman Refinery Company to Receive $15.6mn Loan

The state-owned 50,000 b/d Oman Refinery Company (ORC) at Mina al-Fahal is toreceive a medium-term loan of RO6mn ($15.6mn) to finance the construction of apower generation plant, in accordance with an agreement signed on 21 June by Mr.Salim ibn Muhammad ibn Sha'ban, the Under Secretary of the Omani Ministry ofPetroleum and Minerals and the Chairman of the Board of ORC, and...