Bri­tain’s UKEF Will­ing to Take Part in Uzbekneftegaz Projects

Uzbekistan Today (English) - - ACTUAL -

At a meet­ing at Uzbekneftegaz JSC, the com­pany’s man­age­ment has held talks with the Chief Ex­ec­u­tive of the UK Ex­port Fi­nance (UKEF) Louis Tay­lor.

The meet­ing was also at­tended by Am­bas­sador Ex­tra­or­di­nary and Plenipo­ten­tiary of Great Bri­tain to Uzbek­istan Christopher Al­lan.

The Fund for Re­con­struc­tion and De­vel­op­ment of Uzbek­istan, Uzbekneftegaz JSC and the UKEF had ear­lier signed a me­moran­dum on fund­ing in­vest­ment projects in the oil and gas in­dus­try in Uzbek­istan for a to­tal of £ 1.25 bil­lion.

The doc­u­ment was inked this April in Lon­don, in the frame­work of the first Bri­tishUzbek En­ergy Fo­rum.

The lat­est meet­ing was aimed at dis­cussing con­crete steps for the par­tic­i­pa­tion of the UKEF in fi­nanc­ing in­vest­ment projects im­ple­mented by Uzbekneftegaz.

Rep­re­sen­ta­tives of the British side were pre­sented with broad in­for­ma­tion about the ac­tiv­i­ties of Uzbekneftegaz JSC, in­vest­ment projects be­ing re­al­ized in the oil and gas in­dus­try, as well as re­forms con­ducted in the sec­tor and the coun­try as a whole.

The par­ties also de­lib­er­ated in de­tail on the main terms and con­di­tions for grant­ing funds from the UKEF.

In ad­di­tion, of­fi­cials of the UK Ex­port Fi­nance were of­fered a broader par­tic­i­pa­tion in the im­ple­men­ta­tion of in­vest­ment projects – not only by fi­nanc­ing, but also in search for British sup­pli­ers of the needed cut­ting-edge equip­ment and ser­vices.

The sides noted a high de­gree of un­der­stand­ing of the com­mu­nity of the goals and ob­jec­tives of the co­op­er­a­tion and agreed on the next steps to im­ple­ment joint plans.

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