News from the Export-Import Bank of the United States[EspaƱol] EX-IM BANK SUPPORTS $225 MILLION EXPORT OF U.S. EQUIPMENT AND SERVICES TO EXPAND MEXICAN OIL AND GAS PRODUCTION WASHINGTON, D.C. - The Export-Import Bank of the United States (Ex-Im Bank) approved a long-term loan guarantee to support $225.2 million in equipment and service exports by multiple U.S. companies to Petroleos Mexicanos (Pemex), Mexico's government-owned oil and gas production company. "U.S. exporters and their workers will benefit from these export sales, which will also help Mexico address critical economic and social needs," Ex-Im Bank Chairman Philip Merrill said. Ex-Im Bank's $200 million guarantee will support Pemex's purchase of $225.2 million in engineering services, oil and gas field equipment, and drilling and well services from U.S. exporters for the company's Strategic Gas Program. The 15-year, multibillion-dollar program is intended to help Mexico meet its growing needs for natural gas. U.S. exporters include: Solar Turbines, Inc., San Diego, Calif.; Nabors Industries, Houston, Texas; Noble Mexico Limited, Houston, Texas; Noble Drilling Services, Sugar Land, Texas; and Pride Offshore Inc., Houma, La. Standard Chartered Bank of New York, N.Y., is the guaranteed lender. | ||
Original URL: http://www.exim.gov/pressrelease.cfmBC29AFC9-E5C7-7565-2F0A752F27A1F6AE/
Export-Import Bank of the United States
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