Mubasher: The National Bank of Kuwait (NBK) has signed an agreement to contribute in financing the project of Duqm Refinery and Petrochemical Industries, Duqm Refinery, in Oman, according to a recent press release.
According to the newly signed agreement with the leading Kuwaiti bank, NBK will act as a credit facility agent for the $1.43 billion international commercial funding to Duqm Refinery.
Financing Duqm Refinery totals $4.6 billion allocated through seven agreements from both local and global financing entities.
Funding the refinery is distributed as $1.43 billion international commercial facilities, $490 million local commercial loan, and $890 million as Islamic credit facilities, the statement noted.
