Summary of the Closed Meeting of the Board of Directors

September 11, 2025

Completed

  1. STRUCTURED & PROJECT FINANCE DIVISION
    Transaction No.: AP300029XX
    Country: Bahrain
    Borrower: Bapco Energies, Manama, Bahrain
    End-User: Bapco Upstream, Manama, Bahrain
    Exporter/Supplier: Schlumberger Technology Corp; Weatherford Drilling International; Helmerrich & Payne, Enerflex, Geophysical Technology, National Oilwell Varco; and Halliburton Worldwide; among others
    Guaranteed Lender: Private Export Funding Corp (PEFCO)
    Product: Goods and services used in an oil and gas field optimization project
    Required NAC Review: Yes
    Congressional Notification Required: Yes
    Required Public Notice and Comment: Yes
    Required Decision: Final Approval
    Deal Team: Swain/Yerger/Egbuniwe
  2. GLOBAL INFRASTRUCTURE DIVISION
    Transaction No.: AP300039XX
    Country: Iraq
    Borrower: Ministry of Finance of the Republic of Iraq
    Buyer/End User: Ministry of Electricity of the Republic of Iraq
    Guarantor: None
    Exporter: Stellar Energy Americas, Inc.
    Suppliers: Stellar Energy Americas, Inc. and Various
    Guaranteed Lender: JP Morgan Chase Bank, N.A. – London Branch
    Product: Al-Sadder Waste Heat Energy Project
    NAC Review Required: Yes
    Congressional Notification Required: Yes
    Required Public Notice and Comment: Yes
    Required Decision: Final Approval
    Deal Team: Murrell/Yoo
Certification for Closure of Meeting

     I, Michael Soybel, "Acting" Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, September 11, 2025 via teleconference and in person will disclose information of the kind set forth in Subsection (4) of Section 552b(c), Title 5 of the United States Code.

     Accordingly, such meeting may be closed to the public.

___________________________________
Michael Soybel
"Acting" Assistant General Counsel for Administration

Date Posted

EXPORT-IMPORT BANK OF THE UNITED STATES 
SUMMARY OF CLOSED BOARD OF DIRECTORS
MEETING MINUTES
September 11, 2025
 

  1. STRUCTURED & PROJECT FINANCE DIVISION
    Transaction No.: AP300029XX
    Country: Bahrain
    Borrower: Bapco Energies, Manama, Bahrain 
    End-User: Bapco Upstream, Manama, Bahrain
    Exporter/Supplier: Schlumberger Technology Corp; Weatherford Drilling 
    International; Helmerrich & Payne, Enerflex, Geophysical Technology, National 
    Oilwell Varco; and Halliburton Worldwide; among others
    Guaranteed Lender: Private Export Funding Corp (PEFCO)
    Product: Goods and services used in an oil and gas field optimization project 
    Total Financed Amount: $500,000,000
    Required NAC Review: Yes 
    Congressional Notification Required: Yes 
    Required Public Notice and Comment: Yes 
    Required Decision: Final Approval
    Deal Team: Swain/Yerger/Egbuniwe
    Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and 
    Director Bachus voted in favor of this Transaction.
  2. GLOBAL INFRASTRUCTURE DIVISION
    Transaction No.: AP300039XX
    Country: Iraq
    Borrower: Ministry of Finance of the Republic of Iraq
    Buyer/End User: Ministry of Electricity of the Republic of Iraq
    Guarantor: None
    Exporter: Stellar Energy Americas, Inc.
    Suppliers: Stellar Energy Americas, Inc. and Various
    Guaranteed Lender: JP Morgan Chase Bank, N.A. – London Branch
    Product: Al-Sadder Waste Heat Energy Project
    Total Financed Amount: $292,474,370
    NAC Review Required: Yes
    Congressional Notification Required: Yes
    Required Public Notice and Comment: Yes
    Required Decision: Final Approval
    Deal Team: Murrell/Yoo
    Board Decision: APPROVED. Chairman Cruse, Vice Chair Burrows and 
    Director Bachus voted in favor of this Transaction.