News
01 August 2018

KUFPEC signs new $1.1bn borrowing

In:
Oil & gas
Region:
Middle East & Africa

Kuwait Foreign Petroleum Exploration Co (KUFPEC) has signed a $1.1 billion loan to fund expansion of its shale operations. SMBC, First Abu Dhabi Bank, Societe Generale, Mizuho and Scotiabank are arrangers for the five-year facility. The new financing includes a two-year grace period and is...

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