Uzbekneftegaz To Join Forces With Japanese Bank In Financing Joint Projects
Date
10/4/2024 5:10:44 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, October 4. Uzbekneftgaz
JSC (the oil and gas company of Uzbekistan) is interested in
strengthening ties with the Japanese MUFG bank Ltd. for financing
joint projects, Trend reports.
This issue was discussed during a meeting between Uzbekneftgaz
and representatives of the Japanese company.
The parties talked about cooperation projects with foreign banks
and the potential for providing loans in yen.
Moreover, they reviewed the bank's indicative proposals for
financing the purchase of equipment from China under the insurance
coverage of Export Credit Agencies (ECA) and the project
timelines.
Previously, Uzbekneftegaz representatives discussed the
attraction of financing for green projects, with the delegation of
German AKA European Export-Trade Bank.
The parties also considered the possibility of financing the
existing contracts of Uzbekneftegaz JSC with European content.
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