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OQGN inks $1.2bn financing deal

The deal has been signed with local and regional banks (WAM)
  • OQGN is the exclusive operator of the natural gas transportation network in Oman.
  • This is considered one of the largest syndicates of Sharia-compliant financing in Oman.

MUSCAT, OMAN –  OQ Gas Networks (OQGN) has signed three complex financing agreements with local and regional banks for a total commitment of US$1.2 billion.

OQGN is the exclusive operator of the natural gas transportation network in Oman.

This is considered one of the largest syndicates of Sharia-compliant financing in Oman, a release issued by the company said.

This will provide the company with access to capital in dual currencies – OMR 225 million & US$620 million.