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But some complain there is 'no money out there' for small U.S. producers
While small U.S. oil and gas producers say they have virtually no access to bank credit to fund investment, Russian oil and gas companies can tap into $2 billion of U.S. loan guarantees to buy oilfield equipment and services.
The line of credit provided by ExportImport Bank of the U.S. is designed to help boost U.S. oil industry exports and revitalize the Russian oil industry. American companies that provide services or equipment to rehabilitate and boost oil production and refining can benefit from Russian projects approved by the Ex-Im Bank.
Earlier this month, the bank announced the …