IHS Chemical Week

Regions :: Middle East :: Qatar

Qapco secures loan for expansion projects

8:20 AM MDT | June 10, 2013 | Natasha Alperowicz

Qatar Petrochemical Co. (Qapco; Doha) has secured a 1.1-billion Qatari riyal ($302.1 million) loan from Barwa Bank (Doha)—among the fastest-growing banks in Qatar—at very competitive terms, Qapco says. Qapco has major expansion plans under way, including the construction of a new petrochemicals complex at Ras Laffan, Qatar. Qapco is seeking reliable, proven, and most-successful financial solutions that are widely used on a global level to finance growth, says Mohammed Yousef Al Mulla, vice chairman and CEO of Qapco. “As the...

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