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FinancialNews
04-11-18
Oman's Duqm refinery generates USD4.61b funds
(MENAFN) Oman-based Duqm refinery project was declared to have collected USD4.61 billion of funds from several sources.
Oman's Duqm refinery is considered as a joint venture between the Oman Oil Company and Kuwait Petroleum International.
The Omani major project covers the development, construction and operation of the refinery, along with on-site utilities, infrastructure and storage.
The project's chief financial officer Mubarak Al Naamany stated "the $4.61 billion multi-sourced financing signed for the project is not only the largest project financing in the sultanate of Oman."
Al Naamany added "it also includes the largest Shariah-compliant facility to a green field project in Oman provided by a consortium of Islamic financing institutions."
MENAFN0411201800450000ID1097657363
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