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Kuwait National Petroleum Signs $6.25 bln Loan for Clean Fuels Project

Source: Reuters 5/24/2017, Location: Middle East

Kuwait National Petroleum Co (KNPC) has signed a $6.25 billion loan with international lenders to back its planned Clean Fuels project, the company announced. The financing was backed by seven export credit agencies.

The multi-billion project obtained a first tranche of the financing in April last year, when KNPC closed a 1.2 billion dinar ($3.96 billion) loan facility led by National Bank of Kuwait and Kuwait Finance House.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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