Saturday 26 July 2014
 
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Sohar

Sohar refinery to restart units after maintenance

Oman Oil Refineries and Petroleum Industries Co (Orpic) has completed scheduled maintenance at some refining units at Sohar refinery with a planned start-up this week, the operator said.   The refinery has capaci

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Sohar port gears up to handle key operations

Sohar port has achieved a milestone with the arrival of the first 10,000 twenty-foot equivalent units (TEU) ship at the newly expanded Oman International Container Terminal (OICT).   “This is the first time

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Orpic signs $2.8 billion loan to fund expansion

Oman Oil Refineries and Petroleum Industries Company (Orpic) has signed a $2.8 billion loan with a consortium of 21 international and local institutions, the conglomerate said in a statement. The money will be used to fund various

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Orpic signs $2.8 billion loan to fund expansion

Oman Oil Refineries and Petroleum Industries Company (Orpic) has signed a $2.8 billion loan with a consortium of 21 international and local institutions, the conglomerate said in a statement. The money will be used to fund various

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Sohar refinery back to normal after shutdown

Oman's Sohar oil refinery has resumed normal operations after shutting down at the end of December for repair work, a spokesman for the operator said on Wednesday. Oman Oil Refineries and Petroleum Industries Co (Orpic) closed

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Bank Dhofar Q3 net profit down 10.8pc

Bank Dhofar, currently in talks to merge with smaller rival Bank Sohar, recorded a 10.8 per cent decline in third-quarter net profit, Reuters calculated on Sunday. Oman's second-largest bank by market value made a profit of 8.

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Anti-pollution protest near Sohar port

Omani police used tear gas to disperse demonstrators who blocked a port in the northern part of the Gulf  state, activists said on Thursday, saying they were protesting against industrial pollution that was a risk to health.

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Sohar agrees to consider Bank Dhofar merger offer

Bank Sohar, Oman's fifth-largest lender, said on Sunday that it would consider a proposal from larger peer Bank Dhofar to merge operations, a move which would create the country's second-largest bank with $10.7 billion of assets.

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Orpic in talks to raise $2.5bn for refinery

State-owned Oman Oil Refineries and Petrochemical Companies (Orpic) is in talks with two local banks to raise $2.5 billion to expand its Sohar refinery and refinance a previous loan, a government official said on Monday. "We

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Sohar to unveil $14bn port projects

Maritime industry leaders from Oman will head to Seatrade Middle East Maritime (SMEM) 2012 next month in Dubai as the country’s key northern port of Sohar confidently moves ahead with its $14 billion ambitious expansion plans.

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