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Thu 10 Mar 2016 04:26 PM

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Oman's Orpic completes $3.8bn financing for plastics complex

Financing also supported by export credit agencies of Italy, the Netherlands, South Korea, the UK and Germany

Oman's Orpic completes $3.8bn financing for plastics complex
(Photo for illustrative purposes only)

State-owned Oman Oil Refineries and Petroleum Industries Co (ORPIC) has secured $3.8 billion in project financing for its Liwa Plastics Industries Complex, it said on Thursday.

The financing was supported by export credit agencies representing the governments of Italy, the Netherlands, South Korea, the UK and Germany, along with 19 international, regional and local commercial lenders, it said.

The total value of the project is $6.5 billion, ORPIC said.

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