{"id":252541,"date":"2024-12-29T15:17:28","date_gmt":"2024-12-29T13:17:28","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=252541"},"modified":"2024-12-30T15:35:48","modified_gmt":"2024-12-30T13:35:48","slug":"waha-oil-company-requests-ben-gdara-to-contact-the-external-bank-to-secure-800-million-credit-coverage","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/waha-oil-company-requests-ben-gdara-to-contact-the-external-bank-to-secure-800-million-credit-coverage\/","title":{"rendered":"Waha Oil Company Requests Ben Gdara to Contact the External Bank to Secure $800 Million Credit Coverage"},"content":{"rendered":"\n

Waha Oil Company has contacted the Chairman of the National Oil Corporation regarding its agreement with the Libyan External Bank to cover credits, with 25% of the coverage provided by the company and 75% by the bank, with a ceiling not exceeding $250 million.<\/p>\n\n\n\n

The company stated that it is in discussions with the bank to possibly increase the mentioned ceiling to $800 million to ensure smooth operations and allow the opening of credits currently under process. The company is requesting approval to issue a letter to the bank, serving as a guarantee from the corporation to open the outstanding credits under process.<\/p>\n\n\n\n