PetroTel selects offshore bank to support Musandam project
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NEW FINANCING: PetroTel’s local subsidiaries PetroTel Oman LLC and PetroTel Oman Offshore LLC operate Block 17 and Block 40 respectively
in Musandam -
MUSCAT, Dec 19 -
National Bank of Oman (NBO) has been selected as the onshore bank for PetroTel Oman LLC, which has just secured a $300 million financing from the US International Development Finance Corporation (DFC) for its oil and gas projects in Oman’s Musandam peninsula.
PetroTel Energy is an exploration and production company headquartered in Texas, USA, PetroTel’s local subsidiaries PetroTel Oman LLC (PTO) and PetroTel Oman Offshore LLC (PTOO) operate Block 17 and Block 40 respectively in Musandam.