Skip to comments.U.S. Gov't Agency Plans $2.84 Billion Loan for Oil Refinery—In Colombia (unexpected?)
Posted on 04/18/2011 3:02:12 PM PDT by Bigtigermike
(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.
(Excerpt) Read more at cnsnews.com ...
More money and jobs shipped out of the country!
How about a refinery within our borders ? Are we not good enough to bring in good work for our people that it has to be outsourced ?
This is what you get when you push Free Trade Communism
The Free Traders have been pushing for another bad Free Trade deal with Colombia. The US Export-Import Bank is your American dollars transferring wealth out of America and giving it to some foreigner.
This money is the start of that Free Trade Commie deal with Colombia.
Sad that so many support Free Trade Communism. So many who whine about George Soros sure want to do business with him
We the People sure do like to guarantee things, don't we?
Okay when are people going to realize we have been sold out by our Federal Government. How in the hell can they do this and at the very same time ban it here? Hell we are still the ONLY country in the world that can’t drill in the Gulf of Mexico thanks to the BP Oil Spill. Even the UK can drill and it was their company. And people wonder why gas is going up???
repeal the 16th amendment
Obviously we the People are just tax slaves on the de planation o’ de gubermint masters.
This isnt what the founders intended, time to take the country back.
Another Transfer of wealth.
:::BIG SHOCKER ALERT:::
The money would go to Reficar, a wholly owned subsidiary of Ecopetrol, in which George Soros is a large shareholder
Ecopetrol and Glencore closed negociation on Reficar S.A.
Ecopetrol announced today that it has closed the acquisition of all shares held by Glencore in Reficar S.A., as per the terms agreed in the Memorandum of Understanding signed on February 28, 2009.
The purchase price of U.S. $ 549 million could be reduced in approximately US$ 4.8 million as a result of the due diligence process to be performed by Ecopetrol. The adjustment will follow the procedure agreed by the parties in the contract, however, as of today, Ecopetrol already controls Reficar.
Ecopetrol ratifies its willingness to continue developing the proposed expansion and modernization of the Cartagena refinery and, in order to maximize the benefits of the company, Ecopetrol is currently working on integrating synergies with its Barrancabermeja refinery.
Bogotá, Colombia May 27 of 2009
Approves Ecopetrol Oleo E Gas do Brasil LTDA’s Participation in Block BM-S-73 in Santos Basin.
BOGOTA, Colombia, Dec. 22, 2010 /PRNewswire/ — With the issuance of resolution 1078/2010 on December 16, 2010, by the National Oil (NOV), Gas and Biofuel Agency ANP, Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; BVL: EC; TSX: ECP), through its affiliate Ecopetrol Oleo E Gas do Brasil LTDA, confirms its participation in the offshore concession for Block BM-S-73 in Brazil.
This kind of thing makes perfect sense if you understand the racism and NIMBYism rampant amongst democrats. This particular scheme scratches both itches. It’s o.k. to let all those brown people build refineries in their benighted hell-hole kleptocracies, but don’t try to do that in the states or you’ll be sued into oblivion.