The document envisages to work out the issues of attracting loans in the amount of $650 million.

The Memorandum of Understanding has been signed with VEB.RF State Development Corporation within the framework of the visit of the Chairman of the Board of JSC Uzbekneftegaz Mehriddin Abdullayev to Moscow. The document envisages to work out the issues of attracting loans in the amount of $650 million.

According to Uzbekneftegaz JSC, during negotiations with the Russian side, issues of bilateral cooperation were discussed, including the readiness of VEB.RF, in a consortium with Russian partner banks, to work out financing of the second stage of the Program for increasing hydrocarbon production being implemented in Uzbekistan.

UzA