DUBAI- Oman Oil Exploration and Production, the exploration arm of state-owned Oman Oil, has raised a $1 billion pre-export financing loan, a company source told Reuters on Tuesday.

The loan, a five-year facility, was coordinated by Natixis and Societe Generale , the source said.

The loan was oversubscribed and "competitively priced", the source added, without disclosing further details.

(Reporting by Davide Barbuscia; Editing by Edmund Blair) ((Davide.Barbuscia@thomsonreuters.com;))