Texas shows interest in Uzbekistan’s oil, gas sector
Baku, Azerbaijan, Oct. 18
By Fakhri Vakilov-Trend:
As part of the trip to Texas, Uzbekistan’s Ambassador to the USA Javlon Vahobov discussed the prospects of attracting US investors in exploration, production and expansion of production capacities of gas and oil fields in Uzbekistan with Bob Harvey, the president and CEO of the Greater Houston Partnership business community and representatives of the Texas Oil and Gas Association, Trend reports with reference to the Uzbek media.
Furthermore, the ambassador and other members of delegation held a meeting with Jim Hirsch, the president of Air Tractor, one of the largest manufacturers of agricultural aircraft and firefighting aircraft. The parties discussed prospects for updating the agricultural aircraft fleet of Uzbekistan, as well as the opening of a regional distribution center Air Tractor and a service station in the country.
Separately, negotiations were held with Whit Riter, the president of the Riter Management Company L.C. specializing in investment management and consulting. The head of the company expressed his readiness to assist in attracting Texas state investors in the oil and gas, chemical and financial sectors of Uzbekistan, including through participation in public-private partnership projects.
Interest in the capital market opportunities of Uzbekistan was also expressed by large financial companies of Dallas - Ciera Bank, UBS Financial, Bank of Texas and others.
During the visit, the delegation held consultations with representatives of the World Affairs Council and companies in the construction, medical and oil and gas sectors. The US business community was provided with information about the investment potential of Uzbekistan, the opening up opportunities for companies in connection with the ongoing privatization and industrialization processes in our country.
Representatives of American business expressed their willingness to participate in the upcoming Uzbek-American business forum, which will be held in Washington on October 21-22, and to discuss potential projects with Uzbekistan's representatives.
According to statistics, the Texas economy ranks second in the US in terms of GDP. This is one of the largest centers of agriculture, banking, oil and gas and chemical industries. Texas has the headquarters of over fifty Fortune 500 companies, including ExxonMobil, Halliburton, Sysco, Kimberly-Clark, American Airlines Group and others.
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