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Uzbekistan's Uzbekneftegaz eyes European market access via Middle Corridor

Uzbekistan Materials 21 October 2024 13:15 (UTC +04:00)
Uzbekistan's Uzbekneftegaz eyes European market access via Middle Corridor
Kamol Ismailov
Kamol Ismailov
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TASHKENT, Uzbekistan, October 21. Uzbekneftegaz (Uzbekistan’s oil and gas company) and investment companies discussed cooperation in accessing European markets through the Middle Corridor, Trend reports.

The matter was reviewed at a meeting between Uzbekneftegaz's delegation with BlueBay Asset Management, Vanguard, Ashmore Group, Aviva Investors, Pictet Asset Management, Aberdeen, AllianceBernstein, Amundi Pioneer, Candriam, Finisterre Capital, Marathon Asset Management, Mesarete Capital, ProMeritum Investment Management, Rowe Price, and Man GLG investment companies and holders of Eurobonds.

The companies also expressed interest in the establishment of a foreign trade company in Uzbekistan.

During the meeting, investors paid special attention to Uzbekneftegaz's transformation projects, as well as measures to reduce carbon footprint and decarbonization. Interest was expressed in the carbon dioxide capture project, which is being implemented jointly with leading foreign companies, as well as opportunities to ensure the production of sustainable synthetic aviation fuel (SAF) and blue diesel.

Earlier, Uzbekneftegaz held a meeting with representatives of investment companies Fidelity Management & Research, Morgan Stanley Investment Management, and Artisan Partners.

During the meeting, the parties shot the breeze about the latest corporate triumphs of Uzbekneftegaz, their production hustle, industry trends, and investment priorities for the future.

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