Wednesday, 19 September 2012

Qatar Petroleum says plans heavy borrowing in 2014 | Reuters

Qatar Petroleum, the Gulf state's energy giant, expects to borrow heavily in 2014 to finance new industrial projects, a senior company official said on Wednesday.

"We will approach the bank market, capital markets as well as consider conventional bonds and sukuk as part of the financing plan," Meshaal al-Mahmoud, the company's head of project finance, told reporters at a conference in Doha.

"We don't expect to issue anything this year or next year."

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