BAKU, Azerbaijan, June 19. Uzbekneftegaz and
representatives of Bank of China discussed opportunities to expand
financial cooperation and support major investment projects.


This was reflected in the statement by the Uzbekneftgaz,
following a meeting held on the sidelines of the Tashkent
International Investment Forum.


The meeting was led by Sukhrob Hamroyev, First Deputy Chairman
of the Management Board of Uzbekneftegaz, and representatives from
the headquarters of Bank of China, one of China's largest financial
institutions.


During the discussions, Uzbekneftegaz presented an overview of
its recent financial performance.


"The ongoing transformation processes, detailed information was
provided on the reforms aimed at improving the corporate governance
system in line with international standards and further
strengthening the company's financial stability." the Uzbekneftgaz
noted.


The parties reviewed Uzbekistan’s broader efforts to support the
energy sector, including the expansion of geological exploration
activities, increases in hydrocarbon reserves and production
volumes, and the introduction of modern digital management
solutions.







A significant portion of the talks focused on financing
opportunities for Uzbekneftegaz’s investment projects. Discussions
covered support for import contracts, the expansion of bilateral
and syndicated credit facilities, the use of hedging instruments,
the potential issuance of panda bonds in China’s domestic market,
and strategies to optimize the company’s debt portfolio.


Company representatives noted that reducing borrowing costs,
diversifying funding sources, and attracting long-term financing on
favorable terms remain key priorities for Uzbekneftegaz in
2026.


At the conclusion of the meeting, the parties agreed to work
toward elevating their partnership to a new level, including
cooperation on financing prospective investment projects and
expanding mutually beneficial financial ties.


The discussions highlight Uzbekneftegaz’s efforts to secure
diversified sources of financing as it pursues modernization and
expansion projects. Cooperation with major international lenders
such as Bank of China could help the company access long-term
capital, broaden its investor base, and strengthen its position in
global financial markets.