Cargill to Invest Up to $3 Billion in Uzbekistan’s Energy Security
Economy
Uzbekneftegaz and U.S.-based Cargill have signed a cooperation agreement to attract up to $3 billion in long-term financing, with the possibility of expanding it to $5 billion. The funds will support Uzbekistan’s energy security and modernization of key infrastructure systems.
UNG Overseas, the international trade and investment subsidiary of Uzbekneftegaz, has entered into a strategic cooperation agreement with U.S. corporation Cargill. The document provides for up to $3 billion in long-term financing, with potential expansion to $5 billion as projects progress.
The partnership aims to strengthen Uzbekistan’s energy security, improve the resilience of its resource base, and support the country’s sustainable development. The agreement is expected to enhance the reliability and efficiency of key sectors such as energy, water management, and ecology amid rising energy demand, climate challenges, and industrial modernization.
The sides will explore cooperation in the following areas:
expanding energy supply for households and industry;
reducing systemic risks and modernizing infrastructure;
improving the management of energy and water resources;
ensuring environmental balance;
boosting industrial competitiveness and energy independence.
UNG Overseas will coordinate strategic initiatives with international partners, while Cargill will provide practical financing solutions based on its global expertise.
The partnership aims to strengthen Uzbekistan’s energy security, improve the resilience of its resource base, and support the country’s sustainable development. The agreement is expected to enhance the reliability and efficiency of key sectors such as energy, water management, and ecology amid rising energy demand, climate challenges, and industrial modernization.
The sides will explore cooperation in the following areas:
expanding energy supply for households and industry;
reducing systemic risks and modernizing infrastructure;
improving the management of energy and water resources;
ensuring environmental balance;
boosting industrial competitiveness and energy independence.
UNG Overseas will coordinate strategic initiatives with international partners, while Cargill will provide practical financing solutions based on its global expertise.
Powered by Froala Editor