Oman Oil Firm Raises $4 Billion Loan for Projects


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.


Click on the button below to add a comment.
Post 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.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Staff Project Controls Specialist (San Diego, CA)
Expertise: Planner / Scheduler|Project Controls
Location: CA 92037, United States, CA
Solids Control Technicians - Bakken Region
Expertise: Electrical Technician|Mechanical Technician
Location: Williston, ND
Senior Commercial Scheduler
Expertise: Planner / Scheduler
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours