State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) has taken out a $910 million, ten-year loan from local and regional banks, which will be used to fund development projects, TradeArabia reported. The syndicated loan was arranged by Bank Muscat while the consortium included Bank Dhofar, National Bank of Oman, Bank Sohar, the local operation of Qatar National Bank and other banks.
