Uzbekneftegaz and Sinosure expand financing cooperation

Tashkent, Uzbekistan (UzDaily.com) — Negotiations were held between the Chairman of the Board of Uzbekneftegaz, Abdugani Sanginov, and a delegation from the Chinese export credit agency Sinosure, led by its head Sheng Hetai, on the sidelines of the international exhibition and conference “Oil and Gas of Uzbekistan – OGU 2026.”

The parties noted that over the years of cooperation, they have already established stable export-credit financing mechanisms used for the purchase of drilling equipment and pipeline products for Uzbekistan’s oil and gas industry.

During the talks, the sides discussed prospects for further expansion of financial cooperation, including possible financing of new investment projects in the oil and gas sector. Particular attention was given to the development of instruments supporting large-scale technology procurement.

Sanginov emphasized the importance of cooperation with Sinosure for ensuring effective financing of sectoral projects and implementing large-scale modernization programs. He expressed interest in deepening the partnership and expanding practical cooperation.

At the conclusion of the meeting, the parties agreed to continue working on new financial initiatives and to further develop existing cooperation mechanisms within joint projects.