March 4, 2019 / 12:30 PM / 3 months ago

Kuwait Petroleum Corp signs MoU with Britain for up to $3 billion in loans and credit

KUWAIT (Reuters) - State-owned Kuwait Petroleum Corp (KPC) has signed a memorandum of understanding with the British government for up to $3 billion in loans and credit facilities, the company said on Monday.

The United Kingdom’s credit agency, UK Export Finance, will provide loans and credit facilities for exports of British goods and services in projects carried out by KPC and its subsidiaries, KPC said in a statement.

Reporting by Ahmed Hagagy; Editing by David Goodman

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