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04-19-2011, 04:43 AM #1
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U.S. Gov't Agency 2.84B Loan for Oil Refinery in Colombia
U.S. Gov't Agency Plans $2.84B Loan for Oil Refinery - in Colombia
Monday, April 18, 2011
By Terence P. Jeffrey
(CNSNews.com) - The U.S. Export-Import Bank, an independent agency of the federal government, is now planning a $2.84-billion loan for a massive project to expand and upgrade an oil refinery--in Cartagena, Colombia.
The money would go to Reficar, a wholly owned subsidiary of Ecopetrol, the Colombian national oil company.
“This is part of a $5.18 billion refinery and upgrade project in Cartagena, Colombia supplying petroleum products to the domestic and export markets,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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