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$4.61 billion Sharia compliant finance added to Oman refinary project

Oman’s Duqm Refinery said on Saturday it had signed a $4.61 billion multi-sourced Sharia compliant project financing agreement.

“The financing is provided by 29 reputed financial institutions from 13 countries; insurance and guarantees are provided by three major export credit agencies,” Duqm Refinery said in a Twitter post.

The financing is the largest project financing and the largest Sharia-compliant facility for a green field project in Oman, it added.

Source: Reuters

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