Oman Oil Firm Raises $4 Billion Loan for Projects

Reuters

MUSCAT, June 29 (Reuters) – State-owned Petroleum Development Oman, the country's top oil and gas exploration and production company, has obtained a $4 billion loan from international banks to help finance construction of new facilities, it said on Wednesday.

The five-year loan, known as a pre-export facility, was priced at 160 basis points over the London interbank offered rate.

(Reporting by Fatma Alarimi; Writing by Andrew Torchia; Editing by Catherine Evans)

 

Copyright 2016 Thomson Reuters. Click for Restrictions.

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