Financial Basis for Promising Projects
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.