QInvest arranges

Türkiye Petrol Rafinerileri A.Ş. (“Tüpraş”) has signed a US$200 million, one-year facility with a syndicate of nine banks from the GCC.

Founded in 1983, Tüpraş is engaged in refining and distribution of petroleum products in Turkey and internationally. Tüpraş is listed on Istanbul Stock Exchange and has a market capitalization of US$5.7 billion as of Oct. 5, 2012. The company is 49% owned by the public and 51% by Enerji Yatırımları A. Ş, a joint venture between Koç Holding and Shell.

Tüpraş is the largest refiner in Turkey, accounting for almost 60% of Turkish petroleum product consumption. The company is the seventh-largest refinery company in Europe, and has the world’s 29th-largest refining capacity.

QInvest, Qatar’s leading investment bank, acted as sole bookrunner and structuring advisor to Tüpraş, with QInvest, Qatar Islamic Bank Q.S.C., Barwa Bank, The Commercial Bank of Qatar QSC, and First Gulf Bank participating as mandated lead arrangers. The MLAs were joined in the facility at lead arranger level, Ahli United Bank BSC, Al Hilal Bank PJSC, Doha Bank QSC, and Dubai Islamic Bank PJSC.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...