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 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you