Tashkent, Uzbekistan (UzDaily.com) -- A meeting was held between the management of Uzbekneftegaz JSC and the head of the mission of the International Monetary Fund in the Republic of Uzbekistan, Mr. Roi van Ruden. During it, representatives of the International Monetary Fund were provided with detailed information on the ongoing measures to improve the financial stability of Uzbekneftegaz JSC.

In particular, on the preparation and publication of audited consolidated financial statements in accordance with IFRS, obtaining a credit rating from the international rating agencies Fitch and Moody’s, as well as attracting consulting companies BCG, PwC, Ernst & Young, Rothschild as part of the company’s preparation for an IPO.

It should be noted that representatives of the International Monetary Fund expressed their interest in the company’s future plans, taking into account the government’s goal of phasing out natural gas exports.

In this regard, it was noted that Uzbekneftegaz JSC is implementing a number of investment projects aimed at increasing the depth of hydrocarbon processing and the production of high value-added products. In particular, projects for the production of synthetic liquid fuels based on GTL technology and the expansion of the production capacity of the Shurtan gas chemical complex were mentioned.

During the meeting, the IMF drew the company’s attention to the relevance of climate change issues. At the same time, Uzbekneftegaz JSC presented information on the promotion of projects within the framework of ECG development.

Following the meeting, the parties expressed their readiness for further cooperation, the press service of Uzbekneftegaz JSC reports.