Liwa Plastics Industries Complex

10 questions on Project financing

Liwa Plastics Industries Complex

Liwa Plastics Industries Complex - petrochemical production facility located in

Sohar, Oman
Borrower - Orpic Plastics LLC
Shareholder - Oman Oil Refineries and Petroleum Industries Company SAOC
(ORPC)
Sponsors – Government of Sultanate of Oman and Oman Oil Company
Total Project Cost – approx $6.4bn

10 questions on Project financing

Liwa Plastics Industries Complex
Project’s contractual structure

Government of Sultanate of Oman

MoF Oman Oman Oil

Sponsor 75% Company 25%

Shareholder ORPIC

Feedstock Offtaker

MoG and ORPIC ORPIC

Sohar/SRIP Plastics LLC Marketing
100%

10 questions on Project financing

Liwa Plastics Industries Complex
Structure and financial documentation in line with previous
transactions in GCC area and Petchem sector
Total Project Cost – approx Debt Service Undertaking provided
$6.4bn by GSO and Lenders’ Reliability
Senior Debt – approx $3.8bn Test
(KEXIM, K-sure, Atradius, Euler Feedstock: gas supplied by MoG
Hermes, SACE & UKEF) + and other feedstocks by
uncovered commercial bank Sohar/SRIP
tranche (international / regional Offtake agreement with a newly
banks) formed entity (“Orpic Marketing”)

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Liwa Plastics Industries Complex
Petrochemical production facility located in Sohar, Oman
Integrated with existing Sohar Refinery

EPC package 1: flexible steam cracker and

associated units

EPC package 2: two HDPE/LLDPE plants

and a polypropylene plant

EPC package 3: natural gas liquid

extraction facility – located in Fahud

EPC package 4: natural gas liquid pipeline

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Liwa Plastics Industries Complex
4 leading international EPC contractors

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Liwa Plastics Industries Complex

Sace backed financing with CDP and Simest participation

SACE insurance Interest rate

Participation in
policy with a 100% stabilization
SACE lenders pool
coverage of political mechanism
and credit risks

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Liwa Plastics Industries Complex

SACE Facility

Amount: USD 840 mln

Purpose:
85% of Tecnimont and CB&I Italy export contracts
Local content up to 30% of the export contract value
SACE premium
Interest during construction

10 questions on Project financing