(MENAFN) Sources have reported Oman Gas Co. to have built a partnership with a number of banks, aiming to generate a little more than a USD1 billion bridge loan.
Sources also confirmed the company to be planning to invest the money for capex purposes as well as buying assets from the government.
Loan negotiations, a source reported, are standing at an initial phase with "a lot of building blocks" still required ahead of its completion.
The company was reported to be cooperating with various banks that include Sumitomo Mitsui Banking Corporation, Bank Muscat, Natixis and JPMorgan.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.