57 Days
Source:
الوطن
Okyo Exploration and Production Receives Investment-Grade Credit Ratings
Okiyo Exploration and Production Company received investment-grade credit ratings from Standard & Poor's Global and Fitch; it was awarded a long-term rating of BBB- with a stable outlook, and a regional rating of -gcAA within the Gulf Cooperation Council countries. These ratings confirm the company's strong financial position, disciplined financial policies, and resilience in generating steady cash flows, with production expected to remain centered around 224,000 barrels of oil equivalent per day by the end of 2025. The company continues to implement projects aimed at improving operational efficiency, reducing costs, and minimizing environmental impacts. It was also recently awarded the Gold Certification for Corporate Social Responsibility in recognition of its efforts in community and environmental initiatives.
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