The Kuwait Integrated Petroleum Industries Company (Kipic) subsidiary of state-owned Kuwait Petroleum Corporation (KPC) is looking to borrow up to $2.6bn from banks and export credit agencies to build an LNG import terminal.
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is advising Kipic on the financing, which will reportedly include a loan denominated in Kuwaiti dinars and backed by local banks. The international debt facility will have a maturity of around 15 years, according to banking sources quoted by Reuters. (CONTINUED - 599 WORDS)
