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Application for Final Commitment for a Long-Term Loan or Financial Guarantee in Excess of $100 Million

---
identifier: "/us/fr/2012-20368"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Application for Final Commitment for a Long-Term Loan or Financial Guarantee in Excess of $100 Million"
title_number: 0
title_name: "Federal Register"
section_number: "2012-20368"
section_name: "Application for Final Commitment for a Long-Term Loan or Financial Guarantee in Excess of $100 Million"
positive_law: false
currency: "2012-08-20"
last_updated: "2012-08-20"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Export-Import Bank"
document_number: "2012-20368"
document_type: "notice"
publication_date: "2012-08-20"
agencies:
  - "Export-Import Bank"
fr_citation: "77 FR 50102"
fr_volume: 77
docket_ids:
  - "Public Notice 2012-0444"
comments_close_date: "2012-09-14"
fr_action: "Notice of 25 day comment period regarding an application for final commitment for a long-term loan or financial guarantee in excess of $100 million."
---

#  Application for Final Commitment for a Long-Term Loan or Financial Guarantee in Excess of $100 Million

**AGENCY:**

Export-Import Bank of the United States.

**ACTION:**

Notice of 25 day comment period regarding an application for final commitment for a long-term loan or financial guarantee in excess of $100 million.

**SUMMARY:**

This Notice is to inform the public, in accordance with Section 3(c)(10) of the Charter of the Export-Import Bank of the United States (“Ex-Im Bank”), that Ex-Im Bank has received an application for final commitment for a long-term loan or financial guarantee in excess of $100 million (as calculated in accordance with Section 3(c)(10) of the Charter).

Comments received within the comment period specified below will be presented to the Ex-Im Bank Board of Directors prior to final action on this Transaction.

**DATES:**

Comments must be received on or before September 14, 2012 to be assured of consideration before final consideration of the transaction by the Board of Directors of Ex-Im Bank.

**ADDRESSES:**

Comments may be submitted through *www.regulations.gov.*

**SUPPLEMENTARY INFORMATION:**

*Reference:* AP085466XX.

**Purpose and Use**

Brief description of the purpose of the transaction:

To support the export of U.S. services and equipment to Saudi Arabia.

Brief non-proprietary description of the anticipated use of the items being exported:

The U.S. exports will be used for the design and construction of a petrochemical complex.

To the extent that Ex-Im Bank is reasonably aware, the item(s) being exported may be used to produce exports or provide services in competition with the exportation of goods or provision of services by a United States industry.

**Parties**

*Principal Suppliers:* Kellogg Brown & Root Incorporated; Jacobs Engineering Group Incorporated; Foster Wheeler AG; Fluor Corporation.

*Obligor:* The obligor is a special purpose vehicle anticipated to be named “Sadara Chemical Company.”

*Guarantor(s):* The Dow Chemical Company, Dow Europe Holding B.V., and Saudi Arabian Oil Company.

**Description of Items Being Exported**

The items being exported are design work, construction services, technology licenses, chemicals, and steam generation equipment.

*Information on Decision:* Information on the final decision for this transaction will be available in the “Summary Minutes of Meetings of Board of Directors” on *http://www.exim.gov/articles.cfm/board%20minute* .

*Confidential Information:* Please note that this notice does not include confidential or proprietary business information; information which, if disclosed, would violate the Trade Secrets Act; or information which would jeopardize jobs in the United States by supplying information that competitors could use to compete with companies in the United States.

Sharon A. Whitt,

Agency Clearance Officer.