February 2012
Deals of the Year 2011: Barzan Gas Company financing
As credit tightened around the world, the best deals in the Middle East were those that opened new avenues for finance.
The financing behind Qatar’s $10.4 billion Barzan Gas Company is a good example. The scheme is to develop a block of offshore gas reserves and construct onshore processing facilities in Qatar.
Barzan Gas Company’s sponsors are Qatar Petroleum (with 93% of the stock) and Exxon Mobil (with 7%). Equity makes up 30% of the project cost, so the 16-year facilities from banks, export-credit agencies and other financiers total $7.25 billion. It makes this the largest project financing in the world in 2011, according to Dealogic. It is also Qatar Petroleum’s largest ever project,...
More information on deals of the year
The rest of this article is available to subscribers only
Please Subscribe below.
Already a subscriber? Log in here.
Subscribe online today
- Euromoney magazine in print
- Unlimited access to Euromoney.com
- Over a decade of archived content
- All the latest industry news, analysis and commentary
- Access to all our survey and award results
- More than 30 specialist supplements a year
- Personalised email news feeds
Subscribe
Questions about your subscription status?
Email us or call: +44 (0) 20 7779 8888
