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English news

06-Nov-2018

Oman Gas secures USD1.1bn financing

Oman Gas Company (OGC), signed an agreement with seven international and local financial institutions to secure USD1.1bn funding for the capacity expansion (capex) requirements under the new business model for its gas network. Given the mandate to develop and invest in the sustainable growth of the national energy infrastructure, OGC, Oman Oil Company’s energy infrastructure vertical, invests heavily in domestic gas, power and oil infrastructure projects to support the growing domestic energy demand and maximise the value of Oman’s hydrocarbon resources. 

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