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Qatar Petroleum closes $10.4 bln Barzan project finance

Posted on 14 December 2011

Qatar Petroleum (QP) has completed a $10.4 billion financing of its Barzan gas project even though a difficult economic climate has put a freeze on global syndicated lending. The project will be funded with up to 30 percent equity and the remainder through a syndicated loan expected to total $7.2 billion, the company said.
The financing includes a commercial bank facility of $3.34 billion, a $850-million Islamic facility and $2.55 billion of export credit agency financing, the statement said. ExxonMobil , QP’s partner in the project, also provided a portion of the senior debt………………………………………..Full Article: Source

 
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