$850 MILLION IN EX-IM BANK GUARANTEES SUPPORT U.S. OIL & GAS FIELD DEVELOPMENT E
[2008-12-23 16:54:51]
Ex-Im Bank approved a $150 million small business facility supporting Pemex's purchase of U.S. equipment and services to speed recovery of oil and gas reserves at Pemex's four major projects - Cantarell, Burgos Basin, the New Pidiregas Projects (NPP) , and the Strategic Gas Program (PEG) . Under the facility, Pemex already has contracted for $100 million in purchases, all of them from U.S. small businesses, and expects a significant share of the remaining $50 million to support contracts with small U.S. firms.
Source: Export-Import Bank of the United States
Keywords:guarantee
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