TASHKENT, Uzbekistan, February 17. Abu Dhabi
Commercial Bank (ADCB) has expressed its readiness to further
expand financing for the activities of Uzbekistan’s state energy
company Uzbekneftegaz in 2026, Trend reports via the Uzbek company.
The announcement was made during a meeting chaired by the
Chairman of the Management Board of JSC Uzbekneftegaz, Abdugani
Sanginov, with representatives of ADCB.
The sides discussed the company’s ongoing transformation
processes, measures to strengthen financial sustainability, new
investment projects, as well as the results achieved within the
framework of current cooperation.
Cooperation between Uzbekneftegaz and the Abu Dhabi Commercial
Bank (ADCB) has been steadily expanding. As part of this
partnership, ADCB participated in a club loan agreement signed on
May 1, 2025, contributing $100 million. Earlier in 2025, the bank
also served as one of the joint bookrunners for the successful $850
million Eurobond placement of Uzbekneftegaz on the London Stock
Exchange, further strengthening financial ties between the two
institutions.
