BAKU, Azerbaijan, Nov. 24
By Klavdiya Romakayeva - Trend:
Uzbekneftegaz JSC and Russian Gazprombank discussed the main conditions for attracting credit funds from the bank as part of financing the second stage of the Program to increase hydrocarbon production for 2017-2021, implemented in Uzbekistan, Trend reports referring to the press service of Uzbekneftegaz.
The issue was discussed by the Chairman of the Board of Uzbekneftegaz JSC Mehriddin Abdullayev during his visit to the city of Moscow, Russia, and Deputy Chairman of the Board of Gazprombank Alexey Belous.
At the same time, the issues of allocating advanced financing to Gazprombank JSC in the amount of $100 million and a long-term loan in the amount of $180 million, which is being worked out jointly with a syndicate of Russian financial institutions, were considered.
The parties determined the main conditions for attracting credit funds from Gazprombank for the implementation of geological exploration and drilling operations, as well as programs to increase hydrocarbon production.
Gazprombank JSC is a long-term and proven partner of Uzbekneftegaz JSC, which participates in the financing of such investment projects like the production of synthetic liquid fuel based on purified methane at Shurtan gas chemical complex (SGCC), expansion of the production capacity of SGCC, geological exploration at the investment blocks Sechankul, Akjar and Chimbay, as well as the development of the Urga, Akchalakskaya, and Chandirskaya group fields and others.
Follow the author on Twitter: @romakayeva