As an entity that is owned by the Government of the Sultanate of Oman, our impressive integration of refinery and plant operations, and our growth plans, has cemented Orpic as what I think is one of the industry’s most forward-thinking companies.
Since Orpic commenced operating in the Sultanate of Oman, we had one vision and a set of strong values, that centered around building an Omani integrated refining and petrochemical business we are proud of.
Each year, the In-Country Value (ICV) we produce, our socio- economic impact on the country, has grown and our team has worked hard to ensure we support opportunities to grow our people, grow our business and grow our capacity to meet the needs of Oman and international markets.
This year, for the first time in Orpic’s five-year history, we took a bold step to measure and assess Orpic’s actual socio economic impact.
The results of this independent study not only ascertained Orpic’s current total impact across GDP, employment creation, and trade surplus, but it also identified opportunities for further improvement and forecasting on the impact of Orpic’s strategic growth projects which are scheduled for commissioning over the next three years, to ensure Orpic is maximizing its contribution to the local economy through employment opportunities, investment opportunities and educational opportunities.
In numbers, the results speak for themself:
– Orpic currently contributes 6 per cent to GDP as of 2014, which is GDP Impact Annualized, $4.2 billion and upon commissioning of all growth projects in 2018; this number is forecast to reach GDP Impact Annualized, $6.5 billion.
– Orpic currently employs around 2400 people, of which 75 per cent are Omanis, and an estimated 1600 additional jobs will be created by the growth projects between 2014 and 2018, of which 75 per cent will be Omanised.
– Orpic’s growth projects will further promote opportunities for small to medium enterprises across our supply chain, which will also have a positive impact on the In-Country Value being generated by Orpic.
– Orpic’s culture is built upon our commitment to serve our bountiful Country, Oman, and in doing so, be a socially responsible corporate citizen.
Over the years, we have worked hard to embed ourselves in the communities where we operate.
In fact:
– Our visitor center has welcomed more than 5,000 people since it opened several years ago.
– 100 summer Omani trainees recently received on-job training in our premises on an annual basis.
– We offer five international scholarships annually to high potential students from the North Al Batinah area.
– Our ICV programme, which started two years ago, supports local businesses based in North Al Batinah and small to medium enterprises through Oman, and our support is measured against monthly scorecards
Our aim is to continue to maximize the economic and social impact of our business operation by playing an active and positive role as a good neighbor, and good corporate citizen.
