US Exim Bank guarantees financing for YPF

US Exim Bank guarantees financing for YPF

Loans Energy Gas Debt Economy & Policy Argentina US

The US Export-Import Bank, or Exim Bank, said it approved an $82.9 million credit guarantee facility for Argentina's state-backed oil company YPF to buy equipment made in the United States. Bank of America will provide the financing, which YPF could use to purchase equipment, materials and services for its upstream and downstream activities from as many as 33 US companies, the Exim Bank said in a press release on August 6. The loan could support 500 jobs in the petroleum equipment and services i

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