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Petroleum Development Oman to borrow $3.4 billion

stander
stander
in Oil, Gas and Energy News

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05 June 2016
Muscat: Majority state-owned Petroleum Development Oman (PDO) has confirmed that it is in talks to borrow $3.4 billion from an international finance house.

"Our company is in the process of raising a loan to fund its operations in response to the current low oil price environment," Raoul Restucci, PDO managing director, said on the sidelines of the graduation ceremony on Sunday.

http://www.zawya.com/mena/en/story/ZAWYA20160606042725/

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