Oman Oil signs $1.85bn deal

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Oman Oil Company, the sultanate’s state-run oil firm, has completed a $1.85 billion two-part loan deal with a group of mainly international lenders, sources said yesterday, with the cash to be used for general business purposes.

The revolving credit facility was signed a few days ago and is split between a $1bn three-year tranche and an $850 million piece with a five-year lifespan.

Funding was provided on a broadly equal split between the around 15 banks which contributed to the transaction.

 

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