TASHKENT: Leading international banks, including Standard Chartered, ICBC Standard Bank, Citi, Deutsche Bank, Barclays, and MUFG, have expressed interest in providing financial support to Uzbekneftegaz, Uzbekistan’s state oil and gas company, for its activities in 2024-2025. This development follows a recent meeting between a delegation from Uzbekneftegaz and representatives of these banks.

According to Trend News Agency, discussions during the meeting focused on the corporate achievements and production results of Uzbekneftegaz, as well as broader trends in the oil and gas industry. The dialogue also covered the company’s future financing needs and priority tasks. The banks proposed several financial instruments, such as organizing syndicated loans, issuing additional Eurobonds, and implementing hedging strategies. Furthermore, alternative financing options through Export Credit Agencies and the Multilateral Investment Guarantee Agency were considered.

A significant part of the conversations was dedicated
to emission reduction projects, which are in line with the environmental, social, and governance (ESG) objectives of the oil and gas sector. This focus on sustainability reflects the industry’s shift towards reducing environmental impact.

Previously, Uzbekneftegaz engaged with investment firms such as BlueBay Asset Management, Vanguard, Ashmore Group, Aviva Investors, Pictet Asset Management, Aberdeen, AllianceBernstein, and Amundi Pioneer to explore cooperation in accessing European markets through the Middle Corridor. These discussions also included the potential establishment of a foreign trade company in Uzbekistan, indicating a broader strategy to integrate into international markets.

TASHKENT: Leading international banks, including Standard Chartered, ICBC Standard Bank, Citi, Deutsche Bank, Barclays, and MUFG, have expressed interest in providing financial support to Uzbekneftegaz, Uzbekistan’s state oil and gas company, for its activities in 2024-2025. This development follows a recent meeting between a delegation from Uzbekneftegaz and representatives of these banks.

According to Trend News Agency, discussions during the meeting focused on the corporate achievements and production results of Uzbekneftegaz, as well as broader trends in the oil and gas industry. The dialogue also covered the company’s future financing needs and priority tasks. The banks proposed several financial instruments, such as organizing syndicated loans, issuing additional Eurobonds, and implementing hedging strategies. Furthermore, alternative financing options through Export Credit Agencies and the Multilateral Investment Guarantee Agency were considered.

A significant part of the conversations was dedicated
to emission reduction projects, which are in line with the environmental, social, and governance (ESG) objectives of the oil and gas sector. This focus on sustainability reflects the industry’s shift towards reducing environmental impact.

Previously, Uzbekneftegaz engaged with investment firms such as BlueBay Asset Management, Vanguard, Ashmore Group, Aviva Investors, Pictet Asset Management, Aberdeen, AllianceBernstein, and Amundi Pioneer to explore cooperation in accessing European markets through the Middle Corridor. These discussions also included the potential establishment of a foreign trade company in Uzbekistan, indicating a broader strategy to integrate into international markets.