Tashkent, Uzbekistan (UzDaily.com) -- As part of a visit to London, a delegation led by the Chairman of the Board of JSC Uzbekneftegaz Mekhriddin Abdullayev held meetings with representatives of large investment companies, international legal organizations, banks and discussed issues of interaction.

The purpose of the meetings is to maintain constant contact with investors and creditors of the company, to regularly inform them about the current plans for financial and economic activities and development of Uzbekneftegaz.

In London, members of the delegation headed by the Chairman of the Board of Uzbekneftegaz first met with representatives of the London office of the law firm Vinson & Elkins.

During the meeting, the parties analyzed and discussed the current state of joint projects, new promising areas, the current situation and the unstable economic situation in international markets due to the risks of existing sanctions.

At a meeting with representatives of the investment company Legal & General, representatives of the company were acquainted with the ongoing reforms in the oil and gas and banking and financial sectors of the Republic of Uzbekistan, the current activities of the company, ongoing transformation projects, as well as the results achieved in recent years.

Representatives of Legal & General expressed their readiness to establish mutually beneficial cooperation and offered to further study the necessary materials to provide proposals for financial products, taking into account the needs of Uzbekneftegaz JSC.

Members of the delegation headed by the Chairman of the Board met with the management of the international banks Mizuho and JPMorgan Chase & Co. and exchanged views on many financial matters.

At a meeting with the Mizuho International Bank, the parties discussed the possibility of attracting medium-term and long-term financing for the implementation of projects of Uzbekneftegaz JSC and other corporate goals.

It should be noted that the representatives of the bank exchanged views on the successful issue of the debut Eurobonds of Uzbekneftegaz JSC with a total value of US$700 million, as well as on the activities of the Uzbekistan GTL plant and reforms in the oil and gas sector.

At a meeting with JPMorgan Chase & Co., the parties discussed the current state of implementation of the agreements reached following the results of the March meeting, as well as the possibility of short-term and medium-term financing of projects implemented by the company, as well as attracting various corporate services.

As a result of the meeting with these international banks, an agreement was reached to maintain constant communication and exchange of necessary information with these international banks, as well as to further study existing promising areas of cooperation.

Members of the delegation headed by the Chairman of the Board also met with the heads of offices of the international banks Mitsubishi UFG and Deutsche Bank in London and discussed many financial issues.

It should be noted that the representatives of "Mitsubishi UFG" highly appreciated the placement by JSC "Uzbekneftegaz" of Eurobonds in the amount of 700 million US dollars on the London Stock Exchange and the start of production at the plant "Uzbekistan GTL".

Mitsubishi UFG, Japan’s largest financial group and one of the world’s top ten banks, was named the best corporate bank in 2015 in a survey conducted by Global Finance magazine. Cooperation with such a reputable bank will help strengthen the financial position of the Company.

In addition, the parties discussed the current status of the agreements drawn up in March last year and considered the possibility of attracting additional funds for the implementation of a number of projects and the joint implementation of other corporate goals.

At a meeting with representatives of DeutscheBank, the parties discussed promising areas for the exchange of professional experience, in particular, holding various conferences, seminars and trainings, as well as the possibility of raising funds for ongoing projects and various corporate needs of the society.

At each meeting, agreements were reached to ensure constant communication and exchange of information with banks, the development of all existing promising areas of cooperation.