|04 March, 2019

Kuwait Petroleum Corp signs MoU with Britain for up to $3bln in loans and credit

UK's credit agency, UK Export Finance, will provide loans and credit facilities for exports of British goods and services in projects carried out by KPC and its subsidiaries

Image used for illustrative purpose. Kuwait Oil Tanker employees oversee the loading of crude oil into the new Kazimah III Oil Tanker at Ahmadi North Pier in Kuwait.

Image used for illustrative purpose. Kuwait Oil Tanker employees oversee the loading of crude oil into the new Kazimah III Oil Tanker at Ahmadi North Pier in Kuwait.

REUTERS/ Stephanie McGehee

KUWAIT- State-owned Kuwait Petroleum Corp (KPC) has signed a memorandum of understanding with the British government for up to $3 billion in loans and credit facilities, the company said on Monday.

The United Kingdom's credit agency, UK Export Finance, will provide loans and credit facilities for exports of British goods and services in projects carried out by KPC and its subsidiaries, KPC said in a statement.

(Reporting by Ahmed Hagagy Editing by David Goodman) ((rania.elgamal@thomsonreuters.com; +971 562 160 434; Reuters Messaging: rania.elgamal.reuters.com@reuters.net ; Twitter: https://twitter.com/Rania_ElGamal))

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