In a move to refinance its working capital needs, state-run Oman Refineries & Petrochemicals Co. (ORPC) has secured a US$200 mln loan from Oman's Bank Muscat. The maturity of the loan will be in 25 years. A decline of 4.1% was noticed in production levels by end of October 2009 to 29,962,100 barrels, vs 31,241,000 barrels produced in October 2008. Figures by Oman's national economy ministry have shown a 7.2% decline in the quantity of oil by ORPC to 29,822,300 barrels during the first 10 months of the year 2009, compared to 32,149,300 barrels during the same period in 2008.
04-Jan-10 
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