Representatives of Uzbekneftegaz JSC held a video conference with the assistant president of the China Import and Export Bank (Eximbank) regarding the development of financial cooperation and financing of import projects.
Discussion of new financial opportunities
The Chairman of the Board of Directors of Uzbekneftegaz JSC, Abdugani Sanginov, held negotiations with E Linzjun, Vice President of Eximbank, who was located in the Xinjiang Uygur Autonomous Region. The possibility of opening a new credit line was discussed.
During the meeting, Eximbank representatives presented a proposal for creating a new credit line and expressed readiness to improve financing terms. In particular, the bank stated the possibility of lowering the interest rate and extending the loan term.
It was noted that the agreed conditions could contribute to achieving a mutually beneficial solution and maintaining a long-term partnership. After the negotiations concluded, the parties agreed to continue discussions on the agreed areas.