Slaughter and May advised the Kuwait Foreign Petroleum Exploration Company k.s.c., a wholly owned subsidiary of the Kuwait Petroleum Corporation, in relation to its new US$1 billion credit facility. The facility is for general corporate purposes and will support KUFPEC’s international expansion plans.

HSBC Bank Middle East Limited, J.P. Morgan Limited, National Bank of Kuwait S.A.K.P., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and The Royal Bank of Scotland plc acted as initial mandated lead arrangers with National Bank of Kuwait S.A.K.P. as agent.

The Law Office of Bader Saud Al-Bader & Partners advised on Kuwaiti law matters.

CONTACTS

Financing: Philip Snell (partner), John Budd (associate), and Sarah Osprey (trainee)