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.