Bid & Tender
KNPC Signs $6.25bn Loan for Clean Fuels Project

Date : Jun 05, 2017

Kuwait National Petroleum Co (KNPC) has signed a $6.25 billion loan with international lenders to back its planned Clean Fuels project, the company announced. The financing was backed by seven export credit agencies.

 

The multi-billion project obtained a first tranche of the financing in April last year, when KNPC closed a 1.2 billion dinar ($3.96 billion) loan facility led by National Bank of Kuwait and Kuwait Finance House.