15.12.2011 - QP completes financing of gas project
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 financing includes a commercial bank facility of $3.34bn, a $850-million Islamic facility and $2.55bn of export credit agency financing. The project will be funded with up to 30 per cent equity and the remainder through a syndicated loan expected to total $7.2bn, the company said...............................................Full Article: Source
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