Qatar's Barzan gas project seeks $4.7bn loan - ArabianBusiness.com

Qatar Petroleum and Exxon Mobil are expecting proposals by the end of August from international, regional and local banks on a $4.7 billion, syndicated loan backing the Barzan gas project, bankers close the deal said.

The loan would be the largest internationally syndicated loan from Qatar in three years, the bankers added.

The 16-year amortising loan totalling $4.7 billion is split between a $2 billion uncovered loan and $2.7 billion of financing from export credit agencies (ECA), which includes a mixture of covered bank and direct lending, the sources said.

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