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Update: Barzan closes
13 December 2011
Financial close on the ECA-backed project financing of Qatar’s Barzan gas field development has been met today.
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export credit agency
eca
JBIC
Kexim
Sace
Nexi
Barzan
financial close
Qatar Petroleum
Qatar Petroleum has announced that its export credit agency (ECA) backed, $10.4 billion project financing to develop the Barzan gas field in Qatar has reached financial close today.
A group of 31 banks and four ECAs – JBIC, Nexi, Kexim and Sace - are supporting the syndicated debt facilities expected to reach up to $7.2 billion.
According to a source close to the deal, the16-year debt is split between an ECA-backed tranche of $2.55 billion, and a $3.34 billion uncovered commercial...
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