Fi­nan­cial Ba­sis for Promis­ing Projects

Uzbekistan Today (English) - - BUSINESS -

The Rus­sian Ex­port Cen­ter (REC) has signed a num­ber of agree­ments with Uzbek com­pa­nies

One of the signed doc­u­ments was a quadri­par­tite agree­ment be­tween ExCAR (Rus­sian Agency for In­sur­ance of Ex­port Cred­its and In­vest­ments), Gazprom­bank, the Min­istry of Fi­nance of Uzbek­istan and JV Jiz­zakh Petroleum.

The main goal of the co­op­er­a­tion is the fi­nanc­ing of an in­vest­ment project for the con­struc­tion of an oil re­fin­ery in the Jiz­zakh re­gion. The agree­ment fixes agree­ments on the pos­si­ble or­ga­ni­za­tion of project fi­nanc­ing from Gazprom­bank un­der the in­sur­ance cov­er­age of ExCAR.

«In ad­di­tion, the REC, Gazprom­bank and Uzbekneftegaz signed an agree­ment on the im­ple­men­ta­tion of the project for the pro­duc­tion of syn­thetic liq­uid fuel based on pu­ri­fied meth­ane of the Shur­tan gas chem­i­cal com­plex. The agree­ment pro­vides for the or­ga­ni­za­tion of project fi­nanc­ing from Ro­sex­im­bank and Gazprom­bank un­der the in­sur­ance cov­er­age of ExCAR,» the press ser­vice of the cen­ter noted.

An agree­ment was also signed be­tween the REC and the JSCB Uzsanoatquril­ish­bank. The doc­u­ment fixes agree­ments on es­tab­lish­ing a credit limit for op­er­a­tions with the Uzbek bank in the amount of $ 41 mil­lion re­lated to fi­nanc­ing the sup­ply of Rus­sian-made prod­ucts to Uzbek­istan.

«Uzbek­istan be­came the leader of the coun­try's per­spec­tive rank­ing, which was de­vel­oped by the REEC an­a­lysts. The coun­try took the first place not only due to ge­o­graph­i­cal lo­ca­tion, low con­cen­tra­tion of im­ports, but also ex­cel­lent in­di­ca­tors of trade with Rus­sia and a fa­vor­able fore­cast of the IMF av­er­age an­nual GDP growth rate. The signed agree­ments are the log­i­cal con­tin­u­a­tion of our co­op­er­a­tion with Uzbek col­leagues,» said Petr Frad­kov, head of the Rus­sian Ex­port Cen­ter.

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