Tuesday, 16 January 2018 09:58 GMT

QPI unit in loan deal with Doha Bank

(MENAFN - Khaleej Times) The loan will be utilised to part finance Qatar Petroleum International Upstream OPC for its investment in Total's operations in the Republic of Congo. The investment is through a share capital increase in Total E&P Congo resulting in QPI holding a 15 per cent share of the company. Dr Seetharaman, Group CEO, Doha Bank, welcomed Doha Bank's participation in this important project and indicated that the bank's involvement is a sign of its dedication and commitment to supporting the Qatar global investment strategy and regional cooperation.

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