One of Oman’s newly created state oil firms, Energy Development Oman (EDO), is negotiating a $1.5-billion debt financing with banks, possibly via a loan, two sources with knowledge of the plan told Reuters on Monday. The financing EDO seeks is expected to help it to finance capital expenditures, one of the sources told Reuters. JP Morgan is working with the Omani state energy company on the financing plan, while banks from the United Arab Emirates (UAE) have also expressed strong interest in becoming involved in a financing deal, according…
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