Korean Eximbank may finance projects of Lukoil in Uzbekistan

He said that the Russian bank is holding active negotiations with the Eximbank of South Korea to finance projects of Lukoil in Uzbekistan.

Alekperov underlined that the negotiations are difficult. He expressed hope that the decision will be adopted and the financing for the project will be provided.

Earlier, Vagit Alekperov said that LUKOIL is ready to attract the South Korean banks to financing of a project on developing Kandym group of fields in Uzbekistan.

Currently, LUKOIL implement three product-sharing agreements in Uzbekistan – Kandym-Khauzak-Shady-Kungrad, Southern-Western Gissar and exploration of the Uzbek part of Aral. So far, LUKOIL produced over 20 billion cubic meters of gas in Uzbekistan.

The company will produce about 17-18 billion cubic meters of gas a year in Uzbekistan by 2020.