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Dolphin, $1bn Islamic finance

Dolphin Energy Limited confirmed that it has signed an Islamic financing agreement with fourteen financial institutions that will provide $1bn to finance a portion of the Dolphin Gas Project. Dolphin had earlier appointed five banks with Shari'a Supervisory Committees to lead the financing: ABN Amro Bank, BNP Paribas, Citigroup, Dubai Islamic Bank, and Gulf International Bank.