National Bank of Oman (NBO) has been selected as the onshore bank for PetroTel Oman, which has just secured a $300 million financing from the US International Development Finance Corporation (DFC) for its oil and gas projects in Oman’s Musandam peninsula. The selection highlights NBO’s ability to structure tailor-made financing solutions for large-scale and multinational corporations while continuing to support strategically important private sector organizations that are instrumental for the future growth of the economy. An exploration and production company headquartered in Texas, USA, PetroTel Oman operates Block 17 in Musandam. Its latest investments in the region promise to fuel the country’s economic development, while also transforming the energy firm as a major producer of hydrocarbons.