Kuwait Petroleum Corporation (KPC) signed Monday a Memorandum of Understanding (MoU) with the UK Export Finance (UKEF) to provide financial support within the petroleum industry.
A press statement by the KPC indicated MoU included US$3 billion worth of loans and credit facilities for UK services and products invested into KPC oriented projects and its affiliated companies.
The accord – signed by KPC CEO Hashem Sayyed Hashem and UKEF’s head Gordon Welsh
in the presence of British Ambassador to Kuwait H.E. Michael Davenport – will help deepen
commercial and economic ties between Kuwait and the UK especially in credit facilities and
financial support.
Read Today's News TODAY... on our Telegram Channel click here to join and receive all the latest updates t.me/thetimeskuwait
