Uzbekneftegaz and Export-Import Bank of China signed an agreement on expanding cooperation

The management of Uzbekneftegaz JSC met with a delegation led by Chairman of the Export-Import Bank of China Chen Huaiyu. The talks were devoted to discussing the current achievements, strategic plans and key areas of development of the national oil and gas company, as well as prospects for deepening cooperation with Chinese financial and industrial structures.

The parties focused on ongoing investment programs, modernization and expansion of production facilities, as well as initiatives to introduce new technologies in the production and processing of hydrocarbons. Special attention was paid to the possibilities of financing large projects using the tools that the Export-Import Bank of China is ready to offer. Priorities include supporting joint investment initiatives with Chinese companies and using flexible financial solutions to implement new projects in the oil and gas industry.

According to the press service of Uzbekneftegaz JSC, the meeting participants confirmed their mutual interest in further strengthening strategic, stable and long-term cooperation. The negotiations resulted in the signing of a cooperation agreement between Uzbekneftegaz JSC and the Export-Import Bank of China. The document is intended to become a basis for bringing partnership relations in the energy sector to a new level and creating conditions for the implementation of key projects that contribute to the sustainable development of the fuel and energy complex of Uzbekistan.

The agreement opens up additional opportunities for attracting investment in the oil and gas industry, expanding production capacities and introducing modern technologies with the participation of Chinese companies. In the future, this will increase the efficiency of Uzbekneftegaz JSC, strengthen its export potential and create new jobs in the country's energy sector.