EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 28, 2003

ITEM NO 1Short Term Insurance Program for Iraq.
Board Decision: REFERED TO U.S. CONGRESS

ITEM NO 2Minutes of August 6, 2003 Board Meeting to be approved.
Board Decision: APPROVED

ITEM NO 3A.
Country PERU AP078138XX
Request for FINAL COMMITMENT

Applicant PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Borrower PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Guarantor PLUSPETROL RESOURCES CORPORATION, GEORGETOWN, GRAND CAYMAN CAYMAN ISLANDS
Buyer PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
End-user PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Exporter PARKER DRILLING COMPANY, HOUSTON TX
Exporter HOWE-BAKER ENGINEERS,LTD., HOUSTON TX
Exporter ADDITIONAL EXPORTERS
Supplier PARKER DRILLING COMPANY, HOUSTON TX
Supplier HOWE-BAKER ENGINEERS,LTD., HOUSTON TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender TO BE DETERMINED, UNKNOWN DC

Project Name CAMISEA
Project Description GAS FIELD DEVELOPMENT
Product Description METAL TANK (HEAVY GAUGE) MANUFACTURING

Board Decision DENIED

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 28, 2003

ITEM NO 3B.
Country PERU AP078138XA
Request for FINAL COMMITMENT

Applicant PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Borrower HUNT OIL COMPANY OF PERU, LIMA 27 PERU
Guarantor HUNT OIL COMPANY, DALLAS TX
Buyer PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
End-user PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Exporter SOLAR TURBINES INCORPORATED, SAN DIEGO CA
Exporter PARKER DRILLING COMPANY, HOUSTON TX
Exporter ADDITIONAL EXPORTERS
Supplier SOLAR TURBINES INCORPORATED, SAN DIEGO CA
Supplier PARKER DRILLING COMPANY, HOUSTON TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender TO BE DETERMINED, UNKNOWN DC

Project Name CAMISEA
Project Description GAS FIELD DEVELOPMENT
Product Description METAL TANK (HEAVY GAUGE) MANUFACTURING

Board Decision DENIED

ITEM NO 3C.
Country PERU AP078138XB
Request for FINAL COMMITMENT

Applicant PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Borrower TECPETROL DEL PERU S.A., LIMA 18 PERU
Guarantor TECPETROL INTERNATIONAL INC., ROAD TOWN, TORTOLA VIRGIN ISL (UK)
Buyer PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
End-user PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Exporter PARKER DRILLING COMPANY, HOUSTON TX
Exporter HOWE-BAKER ENGINEERS,LTD., HOUSTON TX
Exporter ADDITIONAL EXPORTERS
Supplier PARKER DRILLING COMPANY, HOUSTON TX
Supplier HOWE-BAKER ENGINEERS,LTD., HOUSTON TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender TO BE DETERMINED, UNKNOWN DC

Project Name CAMISEA
Project Description GAS FIELD DEVELOPMENT
Product Description METAL TANK (HEAVY GAUGE) MANUFACTURING

Board Decision DENIED

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 28, 2003

ITEM NO 3D.
Country PERU AP078138XC
Request for FINAL COMMITMENT

Applicant PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Borrower SK CORPORATION, SEOUL 110-110 KOREA, REP OF
Guarantor NONE
Buyer PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
End-user PLUSPETROL PERU CORP. S.A., LIMA, LM 27 PERU
Exporter PARKER DRILLING COMPANY, HOUSTON TX
Exporter HOWE-BAKER ENGINEERS,LTD., HOUSTON TX
Exporter ADDITIONAL EXPORTERS
Supplier PARKER DRILLING COMPANY, HOUSTON TX
Supplier HOWE-BAKER ENGINEERS,LTD., HOUSTON TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender TO BE DETERMINED, UNKNOWN DC

Project Name CAMISEA
Project Description GAS FIELD DEVELOPMENT
Product Description METAL TANK (HEAVY GAUGE) MANUFACTURING

Board Decision DENIED

Item No. 4AP078584XX
Country VIETNAM(Conversion No. 2)
Request AMENDMENT OF FINAL COMMITMENT
Request by Private Export Funding Corporation (PEFCO) for Ex-Im Bank approval of its Fixed Interest Lending Rate on its participation in the proposed financing.

Borrower SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM
Guarantor MINST OF FINANCE OF VIETNAM, HANOI VIETNAM
Buyer SPV/VIETNAM AIRLINES CORP., HANOI VIETNAM
End user VIETNAM AIRLINES CORPORATION, HANOI 10000 VIETNAM
Exporter BOEING COMPANY,THE, EVERETT WA

Product Description AIRCRAFT

Board Decision: APPROVED PEFCO'S FIXED INTEREST LENDING RATE