Kuwait’s state oil company to seek up to US$20b of funding

Kuwait’s state oil company to seek up to US$20b of funding

The Edge Markets - World·2021-03-26 15:03

(March 26): The state oil company of Kuwait plans to borrow as much as US$20 billion over the next five years to make up for an expected shortfall in funding, a person familiar with the matter said.

Kuwait Petroleum Corp. will need the money to maintain the petrostate’s crude-production levels, said the person, who asked not to be named because the information is private.

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