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Business / Energy

Oman oil firm raises $4 billion loan for projects

Published: 29 Jun 2016 - 11:25 am | Last Updated: 02 Nov 2021 - 07:57 am
Peninsula


MUSCAT: 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.
REUTERS