Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- Nakilat expands LNG fleet  Join our daily free Newsletter

MENAFN - The Peninsula - 23/04/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN - The Peninsula) Nakilat, Qatar's premier gas transporter, yesterday announced that it has added three new LNG vessels to its fleet through its joint venture Maran Nakilat, which has closed 807.4m of refinancing provided by Qatar Islamic Bank (QIB) and Barwa Bank.

The refinancing deal was signed during a ceremony held in Doha yesterday and attended by senior representatives from Nakilat, QIB and Barwa Bank. The contracts were signed by Eng. Abdullah Fadhalah Al Sulaiti, Managing Director of Nakilat, Bassel Gamal, QIB Group CEO, and Khalid Al Subeai, Acting CEO of Barwa Bank.

The three new LNG carriers will be added to Maran Nakilat, Nakilat's joint venture with Greek shipping company Maran Ventures. These new vessels increase the joint venture's total fleet from eight vessels to 11 and will be used in international trade, growing Nakilat's LNG fleet from 58 vessels to 61, and expanding Nakilat's total fleet, including both LNG and LPG carriers, from 62 vessels to65.

"We are dedicated to the continual enhancement of Nakilat's position as the world's leading LNG shipping company and support from the State of Qatar's financial institutions enables us to achieve this goal," said Al Sulaiti.

"We thank Maran, QIB and Barwa Bank for their

continued and valued collaboration," he added.

Maran Nakilat has grown its fleet's capacity over three different stages. "The signing of this agreement confirms the bank's strategy and commitment to providing financial Islamic solutions that meet the requirements of its institutional and corporate clients, and its contribution in supporting the national companies in line with Qatar vision 2030 to build a stronger economy," said Bassel Gamal.

"The signing of this agreement confirms our strong relationship with corporates which has enabled us, in a short time, to become the partner of choice for a number of major corporations such as Maran Nakilat company," said Khalid Al Subeai.


The Peninsula

  MENA News Headlines
 Oct 26 2016 - Adionics successfully completes full salts extraction from different real produced water, for Oil & Gas industryMENAFN Press
(MENAFN Press) United Arab Emirates – 23rd October 2016 - While taking part in the ADIPEC Exhibition and conference 2016 in Abu Dhabi, Adionics is pleased to announce the launch of O&G SELECTEX, a ...

 Oct 26 2016 - Dubai Customs bags six awards at Ideas America 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th October, 2016 (WAM) -- Dubai Customs, DC, has won two golds, one silver, and three bronze medals at the 74th Ideas America 2016 Summit, held ...

 Oct 26 2016 - Spain's King invites Prime Minister to form new governmentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MADRID, 26th October, 2016 (WAM) -- The King Felipe VI of Spain yesterday invited, for the third time, the caretaker Prime Minister, Mariano Rajoy, to form ...

 Oct 26 2016 - DMCA launches new 'Maritime Dubai' initiativeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th October, 2016 (WAM) -- The Dubai Maritime City Authority, DMCA, has launched its new 'Maritime Dubai' initiative. Placed under the management of ...

 Oct 26 2016 - Historic win for UAE team at the 'F1 in Schools' World Finals 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- A team of students from Dubai picked up a coveted award in the finals of the international design competition, 'F1 in ...

 Oct 26 2016 - UAE Central Bank announces M2 increase to AED1200.2 billionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- The UAE Central Bank has announced that the Money Supply aggregate M2 increased by 1.4%, from AED1183.9 billion at ...

 Oct 26 2016 - Jordan and Belarus discuss ties ahead of joint committee meetingEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AMMAN, 26th October, 2016 (WAM) -- Jordan and Belarus have held political talks and discussed ways of enhancing relations in all fields ahead of a meeting ...

 Oct 26 2016 - Abu Dhabi's non-oil foreign trade soars to over AED84 billion in H1, 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- Abu Dhabi's non-oil foreign trade through various customs ports was AED84.349 billion, registering an increase of ...

 Oct 26 2016 - UAE Embassy takes part in opening of Euro-MENA meeting in MuscatEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MUSCAT, 26th October, 2016 (WAM) -- Khaled Al Tunaijai, Acting Charge d'Affaires at the UAE Embassy in Oman, has participated in the opening of The ...

 Oct 26 2016 - UAE- UN Secretary-General condemns terrorist attack in PakistanEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) NEW YORK, 26th October, 2016 (WAM) -- Ban Ki-moon, UN Secretary-General, has condemned a terrorist attack on a police academy in Quetta, claiming the lives ...





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