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To: Condor who wrote (48692)5/3/2009 6:50:53 AM
From: elmatador  Respond to of 219938
 
EXIMBANK loans to oil engineering and equipment: a credit line worth $2 billion from the Export-Import Bank of the United States, or Exim Bank, the company said late Wednesday in a statement. ... that was to PBR

900 million to PEMEX
WASHINGTON, DC, Apr. 27 -- The US Export-Import Bank has approved $900 million of 10-year direct loans to Mexico's state-owned Petroleos Mexicanos to support purchase of US goods.

The official US government export credit agency said the loans consisted of $600 million for purchases to be used in the new projects of PEP, formerly known as the New Pidiregas Projects, which are 18 onshore and offshore oil and gas exploration sites, and $300 million for the Canterelli oil fields. Both activities involve work in and around the Bay of Campeche off the northern Yucutan coast, it noted.

Ex-Im Bank said its financing will help assure that US products would be competitive, adding that exports of engineering services, oil field equipment, offshore platforms, drilling and upgrade services, and upgrade and rehabilitation services are expected to come from suppliers in Texas, Louisiana, Florida, Ohio, Pennsylvania, and other states.

ogj.com

US exports need a boost as it has slupmed to a 40-year low