ANNOUNCEMENT 30 Nov 2015

In November 2015, the German Export Crediting Agency announced its support of an export project concerning the delivery, assembly supervicion and commissioning of a 3000 HP offshore oil rig to Azerbaijan.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Nov 2015 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2015 and finances the delivery, assembly supervicion and commissioning of a 3000 HP offshore oil rig ('Lieferung, Montage?berwachung und Inbetriebnahme eines 3000 PS Offshore Bohrturms') to Azerbaijan. The benefitting German exporter is Bentec GmbH, Bad Bentheim.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (17 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 7 years. The financing institution is Landesbank Baden-W?rttemberg, Leipzig.

AFFECTED SECTORS

 

AFFECTED PRODUCTS