Kuwait National Petroleum Company (KNPC) is in final stages of talks with international banks for the second tranche of loans, worth USD6.4bn, to finance its multi-billion dollar Clean Fuels project, according to the state news agency KUNA. The first portion, worth KWD1.2bn (USD3.97bn), was signed with a consortium of Kuwaiti banks led by National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) on April 28. The state-owned KNPC refiner is in the process of final legal reviews for the foreign loans and will determine the pricing and interest rates subsequently, according to KUNA statement. International banks for the second tranche will include credit agencies from Europe, South Korea and Japan. Part of Kuwait's KWD30bn economic development plan, the Clean Fuels project will upgrade and expand two of the country's largest existing refineries with a focus on producing higher-value products such as diesel and kerosene for export. (Reuters)   National Bank of Kuwait: KWD0.63 as of 29 May 2016, Rating: Buy, FV: KWD0.82 per share, MCap: USD11,113 million, NBK KK / NBKK.KW