AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and INPEX North Caspian Sea, Ltd has a maximum value of USD 231 million. Notably, the Japanese company INPEX CORPORATION, among others, has equity stakes in the company.
The loan finances INPEX North Caspian Sea's development of the Kazakh offshore Kashagan Oil Field. This oil field is being developed by an international consortium consisting of various companies around the world, where INPEX North Caspian Sea has been part of this development since 1998 as a member of the consortium. This loan follows two previous loan agreements signed in 2005 and 2010, see related measure.
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment loans.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
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