Insurance Coverage For Overseas Oil and Gas Projects

This program provides enhanced and special expropriation coverage for oil and gas projects. Expropriation includes losses caused by material change agreements that are unilaterally imposed by the host government. This program provides coverage against confiscation of tangible assets and bank accounts. It also protects against any interference, as a result of political violence, which may cause cessation of operations lasting 6 or more months. Contact OPIC, Vice President, Finance Dept., 1100 New York Ave., N.W., Washington, DC 20527; 202-336-8400; Fax: 202-408-9866; {}; {}.

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