Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Nakilat Joint Venture Signs US $669m Refinancing with QNB  Join our daily free Newsletter

MENAFN - Qatar News Agency - 30/01/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - Qatar News Agency) Nakilat, Qatar's premier gas transporter, has secured a US 669 million facility with QNB Group, the World's Strongest Bank, for the refinancing of two existing LNG vessels and the purchase of two additional LNG vessels by its Maran Nakilat Co. Ltd. joint venture.

The agreement was signed at a ceremony held at the head office of QNB, here on Wednesday with a number of senior officials from both sides attending, Nakilat said in a press release issued here today

This is the second refinancing that Nakilat has secured for its Maran Nakilat Co. Ltd. join venture in recent month

Through the two transactions Nakilat has arranged a combined total of US 1.33 billion in refinancing for its Maran Nakilat Co. Ltd. joint ventur

Together the two transactins have allowed Nakilat to double the size of Maran Nakilat Co. Ltd.'s fleet from four vessels to eight vessels and to increase its ownership in the joint venture by 10

The two vessels being added to Maran Nakilat Co. Ltd.'s fleet are currently under construction in Korea. These vessels will carry LNG cargos from across the worl

Once delivered from the shipyards, this latest addition of two vessels to Maran Nakilat Co. Ltd.'s fleet will increase Nakilat's total LNG vessel count from 56 to 5

Upon the occasion of the signing, Eng. Abdullah Fadhalah Al Sulaiti, Managing Director of Nakilat said: "Today's signing is further confirmation of Nakilat's financial strength and of our company's ability and ongoing intention to build upon our position as a leading global transporter of LN


Qatar News Agency

  MENA News Headlines
 Oct 23 2016 - Infinity Solar, EETC sign deal to purchase renewable energy in EgyptMENAFN
(MENAFN) Infinity Solar and the Egyptian Elect Transmission Co. (EETC) signed a deal in order to purchase the former's renewable energy.Accordingly, the firm confirmed with the German bank LP to ...

 Oct 23 2016 - Medical Alert Systems Market Size, Share, Analysis, Report and Forecast to 2022MENAFN Press
(MENAFN Press) In time of emergency to provide assistance by healthcare individuals the medical systems are used. Increasing number of ageing population and healthcare awareness coupled with ...

 Oct 23 2016 - iMOBDEV is working on plan to open up a new workplace @ UAEMENAFN Press
(MENAFN Press) iMOBDEV has recently announced to open up a new workplace at UAE. The well-established center will be opened up to handle the local clients easily. We are growing! Right now, we are ...

 Oct 23 2016 - Greece to benefit from Jordan investment chancesMENAFN
(MENAFN) Greece will benefit from Jordan investment opportunities offered by the kingdom in many sectors including pharmaceuticals, information, tech and others.Additionally, Greece expressed hope to ...

 Oct 23 2016 - Qatar's GWC posts 11pct grow in net profitsMENAFN
(MENAFN) GWC, Qatar's leading logistics provider finished Q3 of this year with an increase of 11 percent in its revenues, reaching QR150mn.Furthermore, the firm's whole profits also grew to QR634mn ...

 Oct 23 2016 - Target Announces Spring Collaboration with Victoria BeckhamMENAFN Press
(MENAFN Press) Limited-edition collection reflects the charming, yet functional essence of the Victoria, Victoria Beckham womenswear line and includes the designer’s first foray into ...

 Oct 23 2016 - Oman's GDP drops by 2.4pct in Q1MENAFN
(MENAFN) Oman's GDP derived from the petroleum sector contracted by 34 percent in Q1 of this year and the non-petroleum sector declined by 2.4 percent.Moreover, Omani crude oil fetched an average ...

 Oct 23 2016 - Pakistan's Younis breaks Don Bradman's record in UAE TestKhaleej Times
(MENAFN - Khaleej Times) Younis now holds a new record in Test cricket; hit 127 on the first day of second Test against West Indies in Abu Dhabi. Younis Khan has shown incredible determination to ...

 Oct 23 2016 - Gabriel's five wickets restrict Pakistan to 452 in Abu Dhabi TestKhaleej Times
(MENAFN - Khaleej Times) Pakistan captain Misbah misses ton The second day of the second Test match was an action replay of the first day at the Sheikh Zayed Cricket Stadium on Saturday. West ...

 Oct 23 2016 - West Indies face uphill task in second Test in Abu DhabiKhaleej Times
(MENAFN - Khaleej Times) Pakistan grab initiative despite Gabriel's five wickets for visitors West Indies lost two late wickets in three balls to hand Pakistan the advantage on the second day of ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help