Ex-Im Bank Asked to Finance Exports to Turkish Oil Refinery
The Export-Import Bank of the United States has received an application for a $675 million direct loan to support the export of approximately $525 million in U.S. licenses and packaged refinery equipment to an oil refinery in Turkey. These exports would enable the refinery to produce approximately 4,600 metric tons of naphtha per day, 1,200 metric tons of xylene per day, 2,500 metric tons of petroleum coke (pet coke) per day, and 450 metric tons of sulfur per day. Available information indicates that the sulfur and pet coke will be sold into the global market and that the remaining foreign output will be sold in Turkey. Interested parties may submit comments on this transaction no later than July 16.