Oman’s ORPIC Shortlists Four Banks for Refinery, Observer Says

Oman Oil Refineries & Petroleum Industries SAOC shortlisted four banks to advise on the expansion of the Sohar refinery and a refinancing of debt, the Oman Observer reported, citing unidentified people familiar with the plans.

The company would need as much as $3 billion in financing for both projects, according to the newspaper. A financial adviser will be selected in the third quarter, the report said.

To contact the reporters on this story: Faisal Mantheri in Dubai at fmantheri@bloomberg.net; Ayesha Daya in Dubai adaya1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net