Finance Undersecretary Says Oman Oil, Orpic Merged to Integrate

Muscat, The aim of the merger between Oman

Oil Company and Oman Refineries and Petroleum Industries Company

(Orpic) is to ensure integration among the state-owned companies,

reduce the cost and maximize revenues, said Nasser bin Khamis al-

Jashmi, Undersecretary of the Ministry of Finance

while attending the 1st Sustainability Conference which was opened at

Oman Convention and Exhibition Centre today.

“The consultancy company has been mandated with studying this

merger pointed out that merger may generate about $3 billion, during

the merger implementation phase,” he added.

On the other hand, al-Jashmi said that the cost of the promotion

of 2010 public employees, which came into effect from 1 November

2018, is estimated at RO 70 million for one year.

Source: Oman News Agency

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