DUBAI Feb 14 Kuwait Foreign Petroleum
Exploration Company (Kufpec) has picked five banks to arrange a
$750-million, five-year loan to help fund its general business
operations, three banking sources told Reuters on Thursday.
Kufpec has chosen Bank of Tokyo-Mitsubishi, HSBC
Holdings, JP Morgan Chase, National Bank of
Kuwait and Royal Bank of Scotland to arrange
the loan, the sources said, speaking on condition of anonymity.
NBK and JP Morgan are coordinating.
Kufpec is owned by state oil firm Kuwait Petroleum Company
and has an international focus.