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Perspective
19 November 2014

KUFPEC signs $1 billion loan to fund expansion

Region:
Middle East & Africa
Jonathan Bell
Jonathan Bell
Editor-in-chief
Kuwait Foreign Petroleum Exploration Company (KUFPEC), a wholly-owned subsidiary of Kuwait Petroleum Corporation (KPC), has secured a $1 billion loan from an international bank syndicate. The funds will be used for working capital and to finance the company’s international expansion plans.

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