Doha Bank has announced its participation of $123mn in a loan deal for Qatar Petroleum International Upstream OPC, a fully owned subsidiary of Qatar Petroleum International (QPI).
The loan will be utilised to part finance Qatar Petroleum International Upstream OPC for its investment in Total’s operations in Congo. The investment is through a share capital increase in Total E&P Congo resulting in QPI holding a 15% share of the company.
Doha Bank CEO Dr Seetharaman welcomed his bank’s participation in this important project and said the bank’s involvement was a sign of its dedication and commitment to supporting Qatar’s global investment strategy and regional co-operation. Doha Bank affirmed its interest in participating in future local and international projects funded by the Qatari Government.
QPI was established in 2006 as a wholly-owned subsidiary of Qatar Petroleum to promote and advance Qatar’s interest in areas such as upstream, downstream, and gas and power.
QPI’s multibillion portfolio of investments are global in scope, including partnerships and joint venture initiatives in Africa, the US and Canada, Singapore, the UK, Italy and Vietnam.
