Qafco hunts for financial advice
Selected banks have been approached to provide informal financial advice on the $650 million Qatar Fertiliser Company (Qafco) 5 project. The deal is due to come to market in early 2007. Societe Generale at one stage had a financial advisory mandate on the scheme but it is understood to have expired. Germany's Uhde and the US' Chicago Bridge & Iron were awarded the two main packages on the project in September. Qafco is a 75:25 joint venture of Industries Qatar and Norway's Yara International (MEED 22:9:06).Other petrochemicals projects in the state will require finance over the next year. The original Qatar Chemical Company (Q-Chem) debt package, taken out in mid-1999, is due to be refinanced imminently, following completion of the Qatar Gas Transportation Company (Nakilat) borrowing (see page 23). The ethane-cracker-cum-aromatics complex planned at Mesaieed by South Korea's Honam Petrochemical Corporation with Qatar Petroleum is expected to seek a financial adviser in the new year (MEED 22:9:06).
This content is only available to full MEED package subscribers (MEED magazine and MEED.com).
If you are already a subscriber to the MEED package and have activated your online subscription, sign in
If you are already a subscriber to the MEED package but have not activated your online subscription, please activate here
If you would like to subscribe to the full MEED package and get access to the whole of the website, please subscribe here
If you are a MEED magazine only subscriber and would like full access to MEED.com, please contact Customer Services who will upgrade your subscription.
