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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum

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NEWS

Uzbekistan Seeks $300 mln Loan from Russia's Gazprombank for Gas Complex

www.reuters.com/
22 February 2019

Uzbekistan is seeking a $300 million loan from Russia's Gazprombank as it wants to increase output at its state-run Shurtan gas and chemical complex, the president's office said on Thursday. 

The complex, which produces polyethylene, is operated by Uzbekistan's state oil and gas company Uzbekneftegaz, a strategic partner of Russian state gas company Gazprom which is a major shareholder in Gazprombank.

Uzbekistan's President Shavkat Mirziyoyev sent a request to officials at the energy and finance ministries to seek a $300 million loan from the Russian bank, according to a statement on Mirziyoyev's website. 

Gazprom has been operating energy projects in Uzbekistan since 2002. 

Gazprombank, Russia's third biggest lender by assets, said in a statement that it aimed for further development of mutually beneficial relations with Uzbekistan in various areas including energy and was considering the $300 million loan as part of cooperation with Uzbekneftegaz. (Reporting by Anastasia Teterevleva and Tatiana Voronova; writing by Tom Balmforth and Andrey Kuzmin; editing by Susan Fenton)