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DOWNSTREAM CASPIAN AND CENTRAL ASIA

04 – 05 December   |   Almaty, Kazakhstan

CREDIT SUISSE TO FINANCE PROJECTS IN OIL AND GAS INDUSTRY OF UZBEKISTAN

Posted by GBC 17-09-2018

Image source: REUTERS/Arnd Wiegmann

This became known following the meeting of the Uzbekneftegaz management with representatives of the Swiss bank in Tashkent on September 11. Representatives of Credit Suisse expressed their interest in participating in the financing of investment projects in Uzbekistan, the implementation of which has an important role for the economy of the republic.
At the same time, according to the representatives of the bank, this participation is not only commercial in nature, but will also serve to establish strategic relations between Uzbekneftegaz and Credit Suisse, designed for long-term fruitful cooperation.
Following the results of the meeting, an agreement on joint consideration of the possibility of financing investment projects to expand the production capacities of the Shurtan MCC and the construction of a new oil refinery was reached.
Earlier, Uzbekistan attracted McKinsey and BCG for the development of the chemical and oil and gas industries, the World Bank Group for the reform of the aviation market, and J.P. Morgan for the release of the first Eurobonds in its history.

Source: Azernews

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