United Energy Group Secures USD 346 Million Reserve-Based Facility for Iraq Operations

Reuters

Dec 04, 2025

United Energy Group Secures USD 346 Million Reserve-Based Facility for Iraq Operations

United Energy Group Ltd. announced the completion of a USD 346 million reserve-based syndication facility through its wholly owned subsidiary, Kuwait Energy Basra Limited (KEBL). The agreement was entered into on 28 November 2025 with the Arab Energy Fund (TAEF) as the Initial Mandated Lead Arranger and Structuring Bank, and Kuwait Finance House B.S.C (c) DIFC Branch and Trafigura Pte. Ltd as Mandated Lead Arrangers. The facility, secured against KEBL's upstream oil and gas interests in Iraq, comprises both conventional and Islamic tranches. The company emphasized that this successful syndication reflects strong confidence from regional and international financial institutions and will support United Energy Group's ongoing financial stability and disciplined growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Energy Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251204-11945311), on December 04, 2025, and is solely responsible for the information contained therein.

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ID: HKEX-EPS-20251204-11945311), on December 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00467","symbol_name":"联合能源集团","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251204:nNDL1DhR84:1","article_id":"2588291880","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588291880","pubTimestamp":1764858474,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"United Energy Group Ltd. announced the completion of a USD 346 million reserve-based syndication facility through its wholly owned subsidiary, Kuwait Energy Basra Limited . 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