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QIB to loan Qapco $200mln

Posted on 11 August 2009

From Gulf-times.com: Qatar Islamic Bank (QIB) is extending $200mn (QR728.3mn) financing to Qatar Petrochemical Company (Qapco) for the latter’s new low density polyethylene (LDPE) project, whose total cost is estimated at QR2bn.
The LDPE-3 project, which will be using the excess ethylene produced by Qatofin and Qapco, is planned to produce annually 300,000 metric tonnes of LDPE and the commissioning is expected to be in December 2011………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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