BAKU, Azerbaijan, May 25
By Klavdiya Romakayeva - Trend:
Russian financial institutions will consider participation in the financing of the investment project on expansion of the production capacity of the Shurtan gas chemical complex in Uzbekistan, Trend reports referring to Uzbekneftegaz JSC.
Uzbekneftegaz JSC in Moscow held talks with the management of the largest Russian financial institutions - Gazprombank, VEB.RF and Exar on participation in financing investment projects in Uzbekistan.
It is reported that an agreement was reached on the consideration by Russian financial institutions of participation in financing the investment project on expansion of the production capacity of the Shurtan gas chemical complex.
Also, together with a syndicate of Russian financial institutions, the attraction of a long-term loan for the implementation of the investment project ‘Program to increase production of hydrocarbons for 2017-2021 (Stage II)’ is being worked out.
It is noted that over the past four years loans from the above-mentioned financial institutions have been attracted in the amount of more than $1.3 billion for the implementation of investment projects in the oil and gas industry.
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