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Uzbekistan petrochemical firm signs €1.1 billion loans with German banks
Debt package to support expansion in production capacity of Uzbekneftegaz JSC gas chemical complex
Michael Marray   6 Oct 2021
Uzbekistan's state-owned oil & gas concern Uzbekneftegaz JSC has signed loan agreements amounting to €1.1 billion ( US$1.28 billion ) with three German banks to support the the expansion in production capacity of the Shurtan Gas Chemical Complex. The debt package includes €500 million from Deutsche Bank, €300 million from Landesbank Baden-Wuerttemberg, and €300 million from Landesbank Hessen-Thüringen Girozentrale ( Helaba ).
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