Hibiscus Petroleum inks financing deal

The company said the facilities affirmed its long-term commitment to Brunei’s energy sector.

PETALING JAYA: Hibiscus Petroleum Bhd via its wholly-owned subsidiary, Simpor Hibiscus Sdn Bhd, has entered into a long-term US$100mil syndicated Islamic financing facilities with Bank Islam Brunei Darussalam (BIBD) and Baiduri Bank in Brunei.

Simpor Hibiscus is the holding company of Hibiscus EP (Brunei) BV.