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| 19 September, 2017

Oman oil exploration closes $1bln pre-export financing loan- source

Image used for illustrative purpose. A view of Petroleum Development of Oman (PDO) near Muscat  June 5, 2010.

Image used for illustrative purpose. A view of Petroleum Development of Oman (PDO) near Muscat June 5, 2010.

REUTERS/Fahad Shadeed
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;))