The U.S. Export-Import Bank is providing a loan of $2.84 billion to Colombia’s Refineria de Cartagena (Reficar). The bank’s board has granted preliminary approval for the direct loan/loan guarantee.
Ecopetrol, the owner of the refinery, is working on projects to upgrade and expand its refineries in Latin America. The financing will support purchases of equipments and services from over 150 large and small U.S. engineering/design, equipment supply, contracting and process license companies.
Click here for the release from PR Newswire.