Kuwait Petroleum Co. in talks with local banks over KWD1bn loan to fund expansion plans
Kuwait Petroleum Corp. (KPC) is in talks with local banks to raise a KWD1bn (USD3.3bn) revolving loan to help fund its expansion plans, according to unnamed sources. KPC is expected to finalize the financing by the end of the year, the sources added. The company will also tap international markets for loans, bonds and sukuk to finance its expansion.
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