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EX-IM BANK FINANCES U.S. EXPORTS TO RELIANCE INDUSTRIES LTD. FOR OIL AND GAS EXP

[2008-12-23 16:54:51]

RIL will use the Ex-Im Bank-guaranteed financing for its purchases of U.S. engineering services, oil field equipment, offshore platform support, and drill and well services. A small portion of the financing will be used to support ongoing work at the Jamnagar refinery, which received Ex-Im Bank support in 2007 and is currently under construction. The primary U.S. exporters for this transaction, most based in the Houston area, include Bechtel Corporation, J. Ray McDermott Inc., and Canyon Offshore Inc., among others.

Source: Export-Import Bank of the United States
Keywords:guarantee