VOL. XL

No. 6

10-February-1997

QATAR

Paribas And Sumitomo Win QAFAC Mandate

Following the award of the construction contract on 27 January to Chiyoda of Japan (MEES, 3 February) Banque Paribas of France and Sumitomo Bank of Japan have been appointed arrangers for $455mn in financing for the Qatar Fuel Additives Company (QAFAC). The funds will be required to establish a methanol and methyl tertiary butyl ether (MTBE) plant at Mesaieed. QAFAC is 50% owned by the Qatar General Petroleum Company,...