OOCEP in $1-bln financing deal
Oman The agreement covers a pre-export facility for oil that would last five years, the Times of Oman reported. An accordion option for an additional USD 500 million of funding will also be available, according to the report.
“We are delighted with the strong response and competitive pricing achieved in this OOCEP inaugural external financing, despite challenging market conditions,” OOCEP CEO Isam Al Zadjali told the newspaper. “It is an expression of confidence in OOCEP’s future outlook from leading international banks.”
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