VOL. XXXIX

No. 34

20-May-1996

QATAR

Qatargas Upstream Loan Divided Into Four Tranches

MEES learns that the syndication of the $650mn loan for the upstream portion of the Qatargas LNG project will go into general syndication in four tranches. The first three of the four tranches - A ($150mn), B1 ($250mn) and B2 ($150mn) - will be lent to the non-Japanese partners in the upstream portion of the project, the Qatar General Petroleum Company (QGPC), Mobil and Total. The fourth tranche - C,...