Leading Int'l Banks Eye Uzbekistan's State Oil, Gas Company For Financing
Date
10/22/2024 12:11:10 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, October 22. Leading
international banks, including Standard Chartered, ICBC Standard
Bank, Citi, Deutsche Bank, Barclays, and MUFG, have expressed
interest in financing Uzbekneftegaz's (Uzbekistan's oil and gas
company) activities in 2024-2025, Trend reports.
The news followed a meeting between Uzbekneftegaz's delegation
and representatives of these banks.
During the meeting, the sides discussed the latest corporate
achievements and production results of the company, trends in the
oil and gas industry, as well as priority tasks and financing needs
for the future.
The banks also proposed various financial instruments, such as
the organization of syndicated loans, the issuance of additional
Eurobonds, and hedging strategies. Participants also considered
alternative financing options through Export Credit Agencies and
the Multilateral Investment Guarantee Agency.
A key part of the discussions centered on emission reduction
projects, aligning with the oil and gas sector's environmental,
social, and governance (ESG) objectives.
Earlier, Uzbekneftegaz and investment companies such as BlueBay
Asset Management, Vanguard, Ashmore Group, Aviva Investors, Pictet
Asset Management, Aberdeen, AllianceBernstein, Amundi Pioneer, and
others discussed cooperation in accessing European markets through
the Middle Corridor.
The companies also expressed interest in the establishment of a
foreign trade company in Uzbekistan.
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