Facebook pixel

Summary of the Meeting of the Board of Directors

Thursday, August 25, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Lisa V. Terry, Assistant General Counsel for Administration (Acting), hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, August 25, 2011, in the Board Room will disclose information of the kind set forth in Subsection(4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Date Posted: Thursday, August 18, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES

SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS

AUGUST 25, 2011

ITEM NO 1
Country AUSTRALIA AP086259XX
Request for FINAL COMMITMENT

Applicant VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA
Borrower SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
Buyer SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
End-user VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier BOEING COMPANY, THE, RENTON WA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Gteed Lender ING CAPITAL LLC, NEW YORK NY
Lessor SPV/VIRGIN BLUE AIRLINES PTY LIMITED, BOWEN HILLS, QUEENSLAND AUSTRALIA
Lessee VIRGIN BLUE AIRLINES PTY LIMITED, BOWENS HILLS, QUEENSLAND AUSTRALIA

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 12 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton and Director Mulvaney
all voted in favor of the Transaction.

ITEM NO 2
Working Capital Guarantee No. AP086403XX
Request for FINAL COMMITMENT

Applicant CITIBANK N.A., NEW YORK, NY
Lender CITIBANK N.A., NEW YORK, NY
Obligor BOEING COMPANY, THE, CHICAGO, IL
Product: AIRCRAFT

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg, Vice Chair Felton and Director Mulvaney all voted in favor of the referral.

ITEM NO 3
Country MEXICO AP086093XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter NABORS INDUSTRIES INC, HOUSTON TX
Exporter DIAMOND OFFSHORE DRILLING INC, HOUSTON TX
Supplier VARIOUS -UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier DIAMOND OFFSHORE DRILLING INC, HOUSTON TX
Gteed Lender JPMORGAN CHASE BANK, NEW YORK NY

Project Name CANTARELL
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES

Board Decision: REFER TO U.S. CONGRESS Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the referral.

ITEM NO 4
Country MEXICO AP086094XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter ENSCO INCORPORATED, DALLAS TX
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier ENSCO INCORPORATED, DALLAS TX
Gteed Lender SOCIETE GENERALE, NEW YORK NY

Project Name PEG
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES

Board Decision: REFER TO U.S. CONGRESS Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the referral.

ITEM NO 5
Country MEXICO AP086095XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter IPS INTERNATIONAL, SUGAR LAND TX
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier IPS INTERNATIONAL, SUGAR LAND TX
Gteed Lender BANK OF AMERICA NA, CONCORD CA

Project Name SBF
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES

Board Decision: REFER TO U.S. CONGRESS Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the referral.

ITEM NO 6
Country MEXICO AP086096XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter NOBLE DRILLING CORPORATION, SUGAR LAND TX
Exporter BERRY CONTRACTING LP, CORPUS CHRISTI TX
Exporter ADDITIONAL EXPORTERS
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier BERRY CONTRACTING LP, CORPUS CHRISTI TX
Supplier ADDITIONAL SUPPLIERS
Gteed Lender JPMORGAN CHASE BANK, NEW YORK NY

Project Name NEW PROJECTS OF PEP
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES

Board Decision: REFER TO U.S. CONGRESS Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the referral.

ITEM NO 7
Country MEXICO AP086394XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter NOBLE DRILLING CORPORATION, SUGAR LAND TX
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier NOBLE DRILLING COPRORATION, SUGAR LAND TX
Gteed Lender BNP-PARIBAS, NEW YORK NY

Project Name NEW PROJECTS OF PEP
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES

Board Decision: REFER TO U.S. CONGRESS Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the referral.

ITEM NO 8
Country MEXICO AP086412XX
Request for FINAL COMMITMENT

Applicant PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Borrower PETROLEOS MEXICANOS, CIUDAD DE MEXICO, DISTRICT FEDERAL MEXICO
Guarantor PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 8 MEXICO
Guarantor PEMEX REFINACION S.A. DE C.V., MEXICO, DF MEXICO
Guarantor PEMEX GAS Y PETROQUIMICA BASICA, MEXICO D.F., 11311 MEXICO
Buyer PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
End-user PEMEX EXPLORACION Y PRODUCCION, VILLAHERMOSA, TABASCO 86030 MEXICO
Exporter NOBLE DRILLING CORPORATION, SUGAR LAND TX
Supplier VARIOUS - UNITED STATES SUPPLIERS, UNKNOWN DC
Supplier NOBLE DRILLING CORPORATION, SUGAR LAND TX
Gteed Lender JP MORGAN CHASE BANK, NEW YORK NY

Project Name NPP
Project Description OIL & GAS FIELD DEVELOPMENT
Product Description OIL & GAS FIELD GOODS & SERVICES

Board Decision: REFER TO U.S. CONGRESS Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the referral.

ITEM NO 9
Country INDIA AP086226XX
Request for FINAL COMMITMENT

Applicant DAHANU SOLAR POWER PRIVATE LTD, MUMBAI, MAHARASHTRA 400001 INDIA
Borrower DAHANU SOLAR POWER PRIVATE LTD, MUMBAI, MAHARASHTRA 400001 INDIA
Guarantor NONE
Buyer RELIANCE INFRASTRUCTURE LIMITED, KOPERKHAIRANE, NAVI MUMBAI 400710 INDIA
End-user DAHANU SOLAR POWER PRIVATE LTD, MUMBAI, MAHARASHTRA 400001 INDIA
Exporter FIRST SOLAR INC, TEMPE AZ
Exporter SMA SOLAR TECHNOLOGY AMERICA, ROCKLIN CA
Supplier SMA SOLAR TECHNOLOGY AMERICA, ROCKLIN CA
Supplier FIRST SOLAR, INC. PERRYBURG, OH Gteed Lender NONE
Gteed Lender NONE

Project Name DAHANU SOLAR PV POWER PLANT
Project Description 40 MW PHOTOVOLTAIC THIN FILM POWER PROJ
Product Description SOLAR PHOTOVOLTAIC MODULES

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the transaction.

ITEM NO 10
Country KAZAKHSTAN AP084419XX
Request for FINAL COMMITMENT

Applicant JSC LOKOMOTIV, ASTANA KAZAKHSTAN
Borrower JSC LOKOMOTIV, ASTANA KAZAKHSTAN
Guarantor KAZAKHSTAN TEMIR ZHOLY NATIONAL STATE CO, ASTANA 010000 KAZAKHSTAN
Guarantor JSC KAZTEMIRTRANS, ASTANA 010000 KAZAKHSTAN
Guarantor JSC LOCOMOTIVE KURASTYRU ZAUYTY, ASTANA KAZAKHSTAN
Buyer JSC LOCOMOTIVE KURASTYRU ZAUYTY, ASTANA KAZAKHSTAN
End-user JSC LOKOMOTIV, ASTANA KAZAKHSTAN
Exporter GENERAL ELECTRIC COMPANY, ERIE PA
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier GENERAL ELECTRIC COMPANY, ERIE PA Gteed Lender NONE
Gteed Lender NONE

Project Name NONE
Project Description RAILROAD TRANSPORTATION
Product Description LOCOMOTIVES

Board Decision: REFER TO U.S. CONGRESS. Chairman Hochberg and Vice Chair Felton and voted in favor of the referral, Director Mulvaney voted against.

ITEM NO 11
Country TAJIKISTAN AP086140XX
Request for FINAL COMMITMENT

Applicant SOMON AIR LIMITED LIABILITY COMPANY, DUSHANBE TAJIKISTAN
Borrower SPV/SOMON AIR LIMITED LIABILITY COMPANY, DUSHANBE TAJIKISTAN
Buyer SPV/SOMON AIR LIMITED LIABILITY COMPANY, DUSHANBE TAJIKISTAN
End-user SOMON AIR LIMITED LIABILITY COMPANY, DUSHANBE TAJIKISTAN
Exporter BOEING COMPANY, THE, RENTON WA
Supplier CFM INTERNATIONAL INC, CINCINNATI OH
Supplier VARIOUS - UNITED STATES SMALL SUPPLIERS, UNKNOWN DC
Supplier BOEING COMPANY, THE, RENTON WA
Gteed Lender PRIVATE EXPORT FUNDING CORP, NEW YORK NY
Lessor SPV/SOMON AIR LIMITED LIABILITY COMPANY, DUSHANBE TAJIKISTAN
Lessee SOMON AIR LIMITED LIABILITY COMPANY, DUSHANBE TAJIKISTAN

Project Name NONE
Project Description AIR TRANSPORTATION
Product Description AIRCRAFT
Repayment Term 10 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton and Director Mulvaney
all voted in favor of the transaction.

ITEM NO 12
Country CANADA AP086158XX
Request for FINAL COMMITMENT

Applicant WELLS FARGO BANK N.A., SAN FRANCISCO CA
Borrower GRAHAM GROUP LTD., CALGARY T2Z 3R6 CANADA
Guarantor GRAHAM BUSINESS TRUST, CALGARY, ALBERTA T2Z 3R6 CANADA
Buyer GRAHAM GROUP LTD., CALGARY T2Z 3R6 CANADA
End-user GRAHAM GROUP LTD., CALGARY T2Z 3R6 CANADA
Exporter CATERPILLAR INC., PEORIA IL
Exporter DEERE & COMPANY, MOLINE IL
Supplier NONE
Gteed Lender WELLS FARGO BANK N.A., SAN FRANCISCO CA

Project Name NONE
Project Description GENERAL CONTRACTING (CGF)
Product Description NEW CATERPILLAR AND JOHN DEERE EQUIPMENT
Financed Amount $ 51,622,200
Repayment Term 5 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton and Director Mulvaney
all voted in favor of the transaction.