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Kuwait to borrow $6.6bln for oil projects

State-owned Kuwait Petroleum Corporation intends to borrow nearly 2 billion Kuwaiti dinars ($6.6 billion) from local banks to fund its hydrocarbon projects, a newspaper in the OPEC member reported on Monday. KPC, which manages Kuwait's massive hydrocarbon sector, has asked the Kuwaiti Central Bank to give local banks the "green…

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