Bid & Tender
KPC Signs MoU worth $ 5 Billion with Korea's Eximbank

Date : Oct 29, 2015

The Kuwait Petroleum Corporation (KPC) and the Export-Import Bank of Korea, also known as Korea Eximbank, have signed in Seoul, a Memorandum of Understanding (MoU) worth USD 5 billion.


According to the MoU, Eximbank will contribute USD 5 billion as a total to finance capital projects for KPC and subsidiaries in oil production, refining and transport as well as petrochemical industries, including the clean fuel project, the KPC said in a statement.


It added that a high-profile delegation represented the KPC in the MOU, led by Mnaging Director for Planning and Acting Managing Director for Finance Mohammed Al-Farhoud.