The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Deals of the Year 2011: Barzan Gas Company financing

Barzan Gas Company financing
Size $7.25 billion
Date December 13 2011
Financial adviser RBS
Pricing 130bp-200bp (commercial tranche)
Tenor 16 years
return to the Middle East & Africa Deals of the Year index

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, according to the firm.

"Banks wanting to do business in Qatar had to show support for this deal," says Meshaal Al Mahmoud, head of project financing at Qatar Petroleum.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree