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$1.5 Billion in Financing for Oil and Gas Exports to Mexico Approved

Friday, August 30, 2013
Sandler, Travis & Rosenberg Trade Report

The Export-Import Bank of the United States has authorized $1.5 billion in bonds to finance exports of U.S. oil- and gas-related goods and services to Mexico. U.S. exports will include oil and gas field drilling services, drilling platforms, equipment rentals, pumps, well-completion services, associated spare parts and chemicals, geophysical services and safety equipment. The Bank estimates that this financing will support approximately 6,800 U.S. jobs across 10 states.

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