IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 30 Jun 2016 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in June 2016 and finances the delivery of a petrochemical plant ('Petrochemische Anlage') to Oman. The benefitting German exporter is CB&I Lummus Deutschland GmbH, Wiesbaden.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 4. This category includes projects with a financing value between 101 and 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 101 million EUR (112 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 12 years. The financing institution is Sumitomo Mitsui Banking Corporation, Dubai, KfW-Ipex-Bank GmbH, Frankfurt and Société Générale Corporate & Investment Banking, Paris.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

884 Petroleum, chemical & pharmaceutical manufacturing services

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