US EXIM Bank expresses interest in the project “Modernization and reconstruction of the Bukhara oil refinery”
15/06/2021 12:08
US EXIM Bank expresses interest in the project “Modernization and reconstruction of the Bukhara oil refinery”
15/06/2021 12:08
Tashkent, Uzbekistan (UzDaily.com) -- The US EXIM Bank has shown interest in the project for the modernization and reconstruction of the Bukhara oil refinery, Uzbekneftegaz said in a statement.
A meeting with representatives of the company UOP Limited with the participation of specialists from Uzbekneftegaz, Bukhara Oil Refinery and the project implementation group was organized by videoconference.
The issues of financing the investment project for the modernization and reconstruction of the Bukhara oil refinery were discussed.
During the negotiations, UOP Limited, US EXIM Bank showed interest in supporting the project for the modernization and reconstruction of the Bukhara oil refinery.
US EXIM Bank sent a letter of appeal (LOI) to finance this investment project in the amount of US$184 million.
As a result of the negotiations, an agreement was reached to provide the US Exim Bank with detailed information on the project for the modernization and reconstruction of the Bukhara oil refinery and a questionnaire on project financing.
The Bukhara Refinery Modernization and Reconstruction project is aimed at increasing the refining depth of existing facilities from 79% to 95%, the yield of light oil products from 77% to 91%, and the production of petroleum products that meet the requirements of the Euro 5 standard.
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