Promis­ing Co­op­er­a­tion

Uzbekistan Today (English) - - BUSINESS -

Uzbek­istan and Rus­sia reached an agree­ment on at­tract­ing Rus­sian fi­nanc­ing for a num­ber of large in­vest­ment projects in the oil and gas sec­tor by more than $ 3 bil­lion.

Now the par­ties are work­ing out spe­cific mech­a­nisms for in­vest­ing a num­ber of joint projects and or­ga­niz­ing ex­port fi­nanc­ing, as well as in­sur­ance of Rus­sian banks through the com­pany EXAR (Rus­sian Agency for In­sur­ance of Ex­port Cred­its and In­vest­ments). Re­cently, a ma­jor fo­rum in this di­rec­tion was held in Tashkent.

The Rus­sian del­e­ga­tion was headed by Petr Frad­kov, Direc­tor Gen­eral of «Rus­sian Ex­port Cen­ter» JSC. Rep­re­sen­ta­tives of Gazprom­bank, EXAR and a num­ber of large man­u­fac­tur­ers, such as the group «United Ma­chine-Build­ing Plants», «Power Machines», United Met­al­lur­gi­cal Com­pany, «REP-Hold­ing» and oth­ers, also at­tended the meet­ing.

Speak­ing at the fo­rum, the head of the Rus­sian del­e­ga­tion noted the pres­ence of fa­vor­able fac­tors for in­creas­ing co­op­er­a­tion, es­pe­cially in the oil and gas in­dus­try of the coun­try. Ac­cord­ing to him, now, ac­cord­ing to the signed frame­work agree­ment on joint im­ple­men­ta­tion of in­vest­ment projects in the oil and gas, chem­i­cal, min­ing and met­al­lur­gi­cal in­dus­tries of Uzbek­istan, the par­ties are study­ing spe­cific is­sues of par­tic­i­pa­tion of Rus­sian fi­nan­cial in­sti­tu­tions in them.

Ear­lier, Uzbek­istan, Gazprom­bank and the Rus­sian Ex­port Cen­ter signed a frame­work agree­ment on joint im­ple­men­ta­tion of in­vest­ment projects in the oil and gas, chem­i­cal, min­ing and met­al­lur­gi­cal sec­tors of the coun­try.

In par­tic­u­lar, we are talk­ing about the or­ga­ni­za­tion of fi­nanc­ing from Gazprom­bank's project for the cre­ation of synthetic liq­uid fuel pro­duc­tion on the ba­sis of the re­fined meth­ane of the Shur­tan GCC, in­clud­ing fi­nanc­ing the ex­port of the air sep­a­ra­tion unit of the Rus­sian com­pany «Cryo­gen­mash» PJSC.

In ad­di­tion, the doc­u­ment pro­vides for the fi­nanc­ing of Gazprom­bank's con­struc­tion of a plant for the pro­duc­tion of sheet metal with a ca­pac­ity of up to 500 thou­sand tons per year and the or­ga­ni­za­tion of de­liv­er­ies in 2017-2021 of ex­ca­va­tor equip­ment for the needs of the min­ing in­dus­try of Uzbek­istan in an amount not less than 44 units with a to­tal value of at least $ 155 mil­lion.

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