“Uzbekneftegaz” JSC signed contracts worth $507.4 million

Within the framework of the II Economic Forum of Uzbekistan, held in Samarkand, “Uzbekneftegaz” JSC signed contracts worth 507.4 million US dollars with international companies and organizations.

Within the framework of the Economic Forum of Uzbekistan, the meetings held with a number of international organizations under the leadership of the Chairman of the Board of “Uzbekneftegaz” JSC Mekhriddin Abdullayev yielded results, contracts were signed, and the parties managed to further strengthen mutually beneficial cooperation relations.

In particular, on the second day of the Forum, negotiations were held with representatives of Barclays (Great Britain), CITI (USA), Santander Bank (Spain) and Haldor Topsoe (Denmark).

Issues related to the implementation of investment projects were discussed with I. Nikitin, Trade Director of the international bank “Barclays”.

In addition, a proposal was made to attract funding in the amount of up to 200 million dollars and an exchange of mutual views took place.

At the forum, a memorandum was signed with Haldore Topsoe on the development and licensing of sulfur waste processing technologies.

Also, a contract worth $6.1 million was signed with representatives of the international company Honeywell UOP, which cooperates with oil and gas processing enterprises.

As a result of negotiations with Gas Turbines Engineering, a contract was signed for the overhaul of gas turbine engines in the amount of $1.3 million.

The meeting with the representative of the MUFG bank and the results of the negotiations ended positively. It was noted that the issue of financing projects implemented by Uzbekneftegaz JSC and various corporate needs will be supported by the MUFG bank.

As a result, an agreement was signed between Uzbekneftegaz JSC and MUFG Bank in the amount of 500.0 million US dollars.