Petro and Duque meet over transition of power...
Colombia confronts former FARC chiefs with suffering kidnapping...
Colombia hears former guerrilla chiefs over mass kidnappings
Petro’s quest for a majority in Colombia’s Congress
Colombia’s ELN guerrillas reiterate call to resume peace...
Colombia begins transition of power after elections
The peaceful revolution of Colombia’s “nobodies”
Historic victory for Gustavo Petro in Colombia’s elections
Colombia’s election observers say voters received tainted ballots
Colombia elects new president amid fears of violence
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Ex-Im Bank approves nearly $1B for Ecopetrol

by Newswires February 8, 2011

Colombia news - Export Import bank

The Export-Import Bank of the United States has given final approval to nearly $1 billion dollars of loans to Colombia’s Ecopetrol SA, it said in a statement on Monday.

The Bank said it has given final approval to a $420 million medium-term loan guarantee facility and a $459.8 million long-term loan guarantee facility. The loans will help finance the sale of goods and services from various U.S. exporters to Ecopetrol S.A., and will help Ecopetrol develop oil and gas reserves, improve production and upgrade refineries.

The long-term loan guarantee facility will help modernize the Berrancabermeja refinery, Colombia’s largest refinery, the bank said.

Colombia is one of nine economies the Ex-Im Bank is targeting for increased U.S. exports, it said.

The bank in January 2010 announced preliminary approval for $1 billion worth of loans.

(Clare Baldwin / Reuters)

economyEcopetrolUnited States

Trending

  • Last polls before Colombia’s election contradict each other

  • Colombia’s police announce mass arrests ahead of elections

  • Colombia’s first lady, slush funds and organized crime

Related articles

  • Colombia’s opposition dismisses US claim of ‘Russian threat’

  • Colombia extradites legendary warlord “Otoniel” to US

  • Colombia’s conflict victims frustrate Otoniel’s extradition to US

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top