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Thursday, 13 July 2017

Oman Oil closes $2 billion loan financing - source

Oman Oil closes $2 billion loan financing - source:

"Oman Oil Co, the Omani state-owned petroleum firm, has completed a $2 billion loan financing, a source close to the matter said.

The company’s funding efforts are part of a wider push by the government to raise international finance to reduce pressure on its budget, which has been hit by low oil prices.

Oman Oil has signed a revolving credit facility (RCF) of $1.15 billion, with a five-year maturity, and has slightly amended the terms of an existing $850 million revolving loan that matures in 2019, the source said."

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