The agreement paves the way for initial stage financing of $800 million for the new gas chemical complex in Uzbekistan's Bukhara region.

Measures to limit supply are part of a collective response by oil producing countries to address the drop in demand for oil.

Moldova's economy shrank 7 percent in 2020 due to the pandemic, but the government expects it to grow by 6 percent this year.

The financial details of the cooperation between Ferkensco and Gazprombank have not yet been disclosed, though Ferkensco will implement both projects.

Baku is livid about what it says is Armenia’s refusal to hand over maps of mined areas or even discuss the issue.