More details emerge on KMGK pre-pay extension

KazMunayGas Kashagan (KMGK) has secured an amend-and-extend on its five-year $1 billion pre-payment facility signed in November 2016. The borrower, one of the owners of the Kashagan oil field in Kazakhstan, has upped the volume to $2 billion and extended the original tenor by a year. Vitol is...