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U.S. Gov’t Agency Plans $2.84 Billion Loan for Oil Refinery—In Colombia

Posted By admin On April 19, 2011 @ 3:34 am In Featured Stories,Money Watch | Comments Disabled

Terence P. Jeffrey
CNS News [1]
April 19, 2011

The U.S. Export-Import Bank, an independent agency of the federal government, is now planning a $2.84-billion loan for a massive project to expand and upgrade an oil refinery–in Cartagena, Colombia.

The money would go to Reficar, a wholly owned subsidiary of Ecopetrol, the Colombian national oil company.

“This is part of a $5.18 billion refinery and upgrade project in Cartagena, Colombia supplying petroleum products to the domestic and export markets,” the Export-Import Bank said in a statement [2].

The U.S. government-controlled bank says the $2.84-billion in financing it plans to undertake will be the second largest project it has ever done. The largest was $3 billion in financing for a liquid natural gas project in Papua New Guinea.

Full article here [1]

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U.S. Govt Agency Plans $2.84 Billion Loan for Oil Refinery—In Colombia  161008pptv3 [4]


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URLs in this post:

[1] CNS News: http://www.cnsnews.com/news/article/feds-plan-284-billion-loan-oil-refinery

[2] statement: http://www.exim.gov/pressrelease.cfm/31FCC63B-95C6-BE96-BFACF12DD5C9C502/

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] Image: http://prisonplanet.tv/

[5] Secret Service agents leave Colombia in prostitution inquiry: http://www.prisonplanet.com/secret-service-agents-leave-colombia-in-prostitution-inquiry.html

[6] What Happens to Citibank’s $8 Billion Loan to Dubai?: http://www.prisonplanet.com/what-happens-to-citibanks-8-billion-loan-to-dubai.html

[7] Obama’s War for Oil in Colombia: http://www.prisonplanet.com/obamas-war-for-oil-in-colombia.html

[8] California may need emergency $7 billion loan: report: http://www.prisonplanet.com/california-may-need-emergency-7-billion-loan-report.html

[9] IMF Board Approves $36.8 Billion Loan to Portugal: http://www.prisonplanet.com/imf-board-approves-36-8-billion-loan-to-portugal.html

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