WASHINGTON - American Tank & Vessel Inc. (AT&V), a small business with offices in Texas and Alabama, said Tuesday it will export oil storage tanks and pipelines to the Republic of Ghana backed by a $109.5 million loan guarantee form the Export-Import Bank of the United States (Ex-Im Bank).
The export sale to Ghana’s Bulk Oil Storage and Transportation Co. (BOST) will create and sustain jobs at AT&V and its U.S. suppliers.
“The project brings work to the U.S. in the form of engineering, fabrication and material procurement, as well as sustaining and promoting fabrication and material procurement,” said AT&V Vice President W.T. Cutts.
“This transaction reflects two key Ex-Im Bank priorities—expanding support for U.S. small business exports and for U.S. exports to sub-Saharan Africa,” added Ex-Im Bank President and Chairman, James H. Lambright.
The Ex-Im Bank financing will support the expansion of oil storage capability at the Mami Water Depot from 120,000 metric tons to 230,000 metric tons, and the construction of two 70-kilometer pipelines to transport petroleum into the interior areas of Ghana.