Qatar Petroleum holds a 70 percent stake in the project, while Irving, Texas-based ExxonMobil owns the remaining 30 percent.
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Qatar Gas To Flow To UK
US oil major ExxonMobil Corp. and Qatar Petroleum said Wednesday they will spend
US oil major ExxonMobil Corp. and Qatar Petroleum said Wednesday they will spend $7.5 billion on financing their giant QatarGas II project, which aims to export liquefied natural gas from Qatar to Britain.
The companies said they tapped 57 financial institutions to fund the project, which carries an overall price tag of $12 billion. About $6.5 billion of the $7.5 billion raised to date is in the form of debt.
Qatar Petroleum holds a 70 percent stake in the project, while Irving, Texas-based ExxonMobil owns the remaining 30 percent.
Qatar Petroleum holds a 70 percent stake in the project, while Irving, Texas-based ExxonMobil owns the remaining 30 percent.
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