Uzbekistan’s second largest bank, Uzpromstroybank, also known as SQB (Sanoatqurilishbank), has signed loan agreements for a total of 160.7 million euros with major German banks.

Uzbekistan plans to sell 32 large state-owned enterprises and assets and transfer more than 300 small assets to private hands next year and expects that the state budget will receive $936 million.

Uzbekistan’s state-owned oil and gas company Uzbekneftegaz will issue an international bond worth up to $700 million to diversify foreign financial sources and transform the country’s energy system.

BP's new strategy is aimed at supporting decarbonisation and refusal to invest in new hydrocarbon projects.