News | Board Minutes | 2003

                    EXPORT-IMPORT BANK OF THE UNITED STATES

             SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

                              DECEMBER 30, 2003

ITEM NO 1

Country ALGERIA                                AP079288XX

Request for FINAL COMMITMENT

Applicant      SOCIETE GENERALE, NEW YORK NY

Borrower       SHARIKET KAHRABA SKIKDA, ALGER ALGERIA

Guarantor      SONATRACH, ALGIERS ALGERIA

Guarantor      SONELGAZ STE NATL DE L'ELEC ET DU GAZ SA, ALGIERS BD16000
                 ALGERIA

Buyer          SHARIKET KAHRABA SKIKDA, ALGER ALGERIA

End-user       SHARIKET KAHRABA SKIKDA, ALGER ALGERIA

Exporter       SNC-LAVALIN CONSTRUCTORS INC., REDMOND WA

Supplier       SOCIETE GENERALE, NEW YORK NY

Supplier       GENERAL ELECTRIC COMPANY INC, GREENVILLE SC

Supplier       ADDITIONAL SUPPLIERS

Gteed Lender   SOCIETE GENERALE, NEW YORK NY

Project Name SKIKDA

Project Description SKIKDA 825MW COMBINED CYCLE POWER PLANT

Product Description GAS TURBINE GENERATOR & EQUIPMENT

Financed Amount $  192,475,033

Repayment Term  12 YEARS

Board Decision APPROVED

ITEM NO 2

Country VARIOUS COUNTRIES UNALLOCABLE          AP078161XX

Request for FINAL COMMITMENT

Applicant        BP EXPLORATION CASPIAN SEA) LTD., SUNBURY-ON-THAMES, MIDDLESEX
                  TW167LN UNITED KINGDOM

Borrower       BAKU TBLISI CEYHAN PIPELINE FINANCE BV, AMSTERDAM, 1070
                NETHERLANDS

Guarantor      NONE

Buyer          BAKU TBLISI CEYHAN PIPELINE COMPANY, GEORGE TOWN, GRAND CAYMAN
                CAYMAN ISLANDS

End-user       BAKU TBLISI CEYHAN PIPELINE COMPANY, GEORGE TOWN, GRAND CAYMAN
                CAYMAN ISLANDS

Exporter       BECHTEL INTERNATIONAL INC., RENO NV

Exporter       PETROFAC LLC, TYLER TX

Exporter       ADDITIONAL EXPORTERS

Supplier       BECHTEL INTERNATIONAL INC., RENO NV

Supplier       PETROFAC LLC, TYLER TX

Supplier       ADDITIONAL SUPPLIERS

Gteed Lender   FINANCIAL INSTITUTION ACCEPTABLE TO EIB, UNKNOWN ZZ

Project Name BAKU-TBLISI-CEYHAN PIPELINE

Project Description BTC CRUDE OIL PIPELINE

Product Description TURBINE AND TURBINE GENERATOR SET UNITS

Financed Amount $  160,000,000

Repayment Term  9.5 YEARS

Board Decision APPROVED