Home / Sustainability / Energy / $4.61 billion Sharia compliant finance added to Oman refinary project

$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

Total Page Visits: 132 - Today Page Visits: 2

Check Also

Betrayed Macron won’t give up on roadmap, targets Hezbollah

French President Emmanuel Macron admonished Lebanon’s leaders on Sunday for serving their own interests ahead …

Leave a Reply

Your email address will not be published. Required fields are marked *