Qatar Petroleum (QP) is planning its first ever US dollar-denominated public international bond sale, two sources said, the latest Gulf energy giant to tap debt markets in an age of lower energy prices. QP, which did not immediately respond to a request for comment, plans to vastly expand its capacity in coming years. Sources told Reuters last week Saudi Arabia’s oil giant Aramco is planning to refinance a $10 billion revolving credit facility. It is also planning initial public offerings of its drilling business and its joint venture with chemical producer OCI. BY Davide Barbuscia, Yousef SabaIMAGE: Cars are parked outside the headquarters of Qatar Petroleum in Doha, Qatar, July 8, 2017.

Source: Egypt Independent April 25, 2021 10:07 UTC