EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

JANUARY 29, 2004

ITEM NO 1

Country MEXICO AP080074XX

Request for FINAL COMMITMENT

Applicant ABN AMRO BANK N.V., CHICAGO IL

Borrower PEMEX PROJECT FUNDING MASTER TRUST, THE, MEXICO D.F. 11311
MEXICO

Guarantor PEMEX EXPLORACION Y PRODUCCION, CIUDAD DE MEXICO, DF
MEXICO

Guarantor PETROLEOS MEXICANOS, MEXICO, DISTRITO F MEXICO

Guarantor ADDITIONAL GUARANTORS

Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86050
MEXICO

End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86050
MEXICO

Exporter HALLIBURTON ENERGY SERVICES, HOUSTON TX

Exporter SCHLUMBERGER TECHNOLOGY CORP, SUGAR LAND TX

Exporter ADDITIONAL EXPORTERS

Supplier HALLIBURTON ENERGY SERVICES, HOUSTON TX

Supplier SCHLUMBERGER TECHNOLOGY CORP, SUGAR LAND TX

Supplier ADDITIONAL SUPPLIERS

Gteed Lender ABN AMRO BANK N.V., CHICAGO IL

Project Name CANTARELL, SAHIL BLOCK

Project Description PRODUCTION OF CRUDE OIL & NATURAL GAS

Board Decision REFER TO US CONGRESS

ITEM NO 2

Country KUWAIT

Request:Short-term Insurance

BUYER: Public Warehousing Company, KSC (PWC), Kuwait

Exporters: Various

PRODUCTS: Frozen and Dry Food Items

Ex-Im Bank Liability (Millions): $20+

Board Decision: APPROVED