Qatar Petroleum completed its first bond offering in 15 years this week, raising $12.5bn in four tranches. “The proceeds from the bond offering will be used to support Qatar Petroleum’s ambitious growth plans, particularly the North Field expansion projects over the coming few years,” it says.

QP took FID on the $29bn first phase (North Field East: NFE) in February (MEES, 12 February), which will add 32mn t/y through four 8mn t/y liquefaction trains by early 2027. A second 15mn t/y phase (North Field South: NFS) is due online in 2027. QP is also partnering with Chevron Phillips in two major petrochemical projects, one in Qatar and one in the US (MEES, 1 November 2019), and has picked up an extensive portfolio of upstream exploration blocks (MEES, 25 June). (CONTINUED - 363 WORDS)