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**ExelePlavisseu** · 04-20-2011, 05:08 AM

Wealth redistribution. That what the Obamunists are all about---spreading America's hard-earned wealth around the world.

http://www.cnsnews.com/news/article/...n-oil-refinery

U.S. Gov't Agency Plans $2.84 Billion 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,” the Export-Import Bank said in a statement.

The U.S. government-controlled bank says the $2.84-billion in financing it plans to undertake will be the second largest project it has ever done. The largest was $3 billion in financing for a liquid natural gas project in Papua New Guinea.

The statement released by the bank said that on April 7 the bank’s presidentially-appointed board of directors had “voted to grant preliminary approval for a $2.84 billion direct loan/loan guarantee” for the Colombian refinery project.

04-20-2011, 05:08 AM	#1
ExelePlavisseu Join Date Oct 2005 Posts 528 Senior Member	U.S. loan to Columbia guarantees jobs and equipment sales for 150 U.S. companies Wealth redistribution. That what the Obamunists are all about---spreading America's hard-earned wealth around the world. http://www.cnsnews.com/news/article/...n-oil-refinery U.S. Gov't Agency Plans $2.84 Billion 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,” the Export-Import Bank said in a statement. The U.S. government-controlled bank says the $2.84-billion in financing it plans to undertake will be the second largest project it has ever done. The largest was $3 billion in financing for a liquid natural gas project in Papua New Guinea. The statement released by the bank said that on April 7 the bank’s presidentially-appointed board of directors had “voted to grant preliminary approval for a $2.84 billion direct loan/loan guarantee” for the Colombian refinery project.
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