AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreements between JBIC and US companies MEPUS Holdings Corporation, MOEX USA Corporation and MEP Texas Holdings LLC has a maximum value of USD 144 million, USD 134 million and USD 504 million respectively. MEPUS Holdings Corporation is a US subsidiary of Japanese Mitsui & Co., Ltd; MOEX USA Corporation is a US subsidiary of Japanese Mitsui Oil Exploration Co., Ltd.; and MEP Texas Holdings LLC is owned by the aforementioned US subsidiaries MEPUS Holdings Corporation (60%) and MOEX USA Corporation (40%).
The loans finance Mitsui E&P Texas LP's acquisition of 12.5% interests in the Eagle Ford shale oil/gas area in Texas, the United States as well as the development of the area. Mitsui E&P Texas LP is a subsidiary of MEP Texas Holdings LLC.
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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