Tashkent, Uzbekistan (UzDaily.com) —  Uzbekneftegaz JSC is exploring the possibility of attracting financial resources for its operations.

During a delegation visit to the United Kingdom, meetings were held with representatives of leading banks, including Standard Chartered, ICBC Standard Bank, Citi, Deutsche Bank, Barclays, and MUFG.

The discussions focused on attracting new credit resources, recent achievements and production results of Uzbekneftegaz, trends in the oil and gas industry, and the company’s priority financing tasks for the coming years.

The banks expressed interest in financing Uzbekneftegaz’s activities for 2024-2025 and proposed various financial instruments, such as organizing syndicated loans, issuing additional eurobonds, and hedging strategies.

Alternative financing sources were also considered, including opportunities offered by export credit agencies (ECA) and multilateral investment guarantees (MIGA).

Particular attention was paid to projects aimed at reducing emissions, emphasizing environmental, social, and governance (ESG) aspects, reflecting the company’s commitment to sustainable development amid the current challenges in the oil and gas sector.