PF Archive

Barzan bank group lacks French content

04 11 2011

Qatar Petroleum (QP) and ExxonMobil's $10.3 billion Barzan gas project has received commitments from 31 lenders. The deal is scheduled to reach financial close in the third week of November. The bank composition reflects the troubles of the Eurozone, with a large contingent of regional and North American banks and the absence of the French banks BNP Paribas, Societe Generale and Natixis.   The signing will cover 16-year loan facilities of around $6.6...