News | Board Minutes | 2009

EXPORT-IMPORT BANK OF THE UNITED STATES

                  SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

                                   DECEMBER 22, 2009


ITEM NO 1	Country Review
Board Decision:   Approved changes to the Country Limitation Schedule (CLS) to be 
effective December 24, 2009.  Chairman Hochberg, Director Kian and Director Farrell 
all voted in favor of the transaction.


ITEM NO 2
Country BRAZIL                                 	AP084193XX
Request for FINAL COMMITMENT			(Conversion No. 1)

Applicant      PETROLEO BRASILEIRO S/A, RIO DE JANEIRO, RJ 20035-900 BRAZIL
Borrower       PETROBRAS NETHERLANDS B V, AMSTERDAM, NOORD-HOLLAND 1012 KK NETHERLANDS
Guarantor      PETROBRAS PETROLEO BRASILEIRO S.A., RIO DE JANEIRO 20031-912 BRAZIL
Buyer          PETROBRAS PETROLEO BRASILEIRO S.A., RIO DE JANEIRO 20031-912 BRAZIL
End-user       PETROBRAS PETROLEO BRASILEIRO S.A., RIO DE JANEIRO 20031-912 BRAZIL
Exporter       VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier       VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Gteed Lender   JPMORGAN CHASE BANK, NEW YORK NY
Lessor         NONE
Lessee         PETROBRAS NETHERLANDS B V, AMSTERDAM, NOORD-HOLLAND 1012 KK NETHERLANDS

Project Name NONE
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description VARIOUS U.S. GOODS & SUPPLIES

Board Decision:  REFER TO U.S. CONGRESS.  Chairman Hochberg, Director Kian and Director Farrell all voted in favor of the transaction.