Gunvor arranging Oman loan linked to oil for up to $3 billion: sources - Reuters:
Energy trader Gunvor is arranging a commercial loan for up to $3 billion for Oman to be backed by the Arab state’s long-term oil export contracts, sources familiar with the matter said.
The Gulf producer, which was hit hard when oil prices slumped in 2014, has increasingly raised finance through selling bonds and funds provided by banks over the past few years.
Oman, a relatively small regional producer with output of more than 600,000 barrels per day, has used so-called pre-export financing loans in the past to raise debt for state-controlled oil firms Oman Oil and Petroleum Development Oman.
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