Active Development AidData Chinese Aid

CDB provides $30 million loan to UzbekNefteGaz for the purchase of high-tech oil exploration and prospecting equipment

$30M USD

Funder	China Development Bank (CDB)
Recipient Organization	JSC Uzbekneftegaz
Country	Uzbekistan
Start Date	Jan 01, 2017
End Date	Jun 14, 2026
Duration	3,451 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`71500`

Grant Description

CDB provides $30 million loan to UzbekNefteGaz for the purchase of high-tech oil exploration and prospecting equipment In 2017, China Development Bank (CDB) issued a $30 million loan to UzbekNefteGaz — a state-owned oil and gas company in Uzbekistan — for the purchase of high-tech oil exploration and prospecting equipment.

📋 Loan / Grant Terms

💰 Loan Amountcarried an interest rate of 5% and a maturity length of 5 years

Its final maturity date was December 2021.

The borrower was to use the proceeds of the loan to finance a commercial (equipment supply) contract with China National Petroleum Corporation (CNPC).

The purpose of this project was to improve UzbekNefteGaz’s proven oil reserves map and define geographic areas with high potential for further oil development activities.

📋 Staff Comments

1. This CDB loan is not included in the China’s Overseas Development Finance Dataset that Boston University's Global Development Policy Center published in December 2020.

📚 Sources & References

BRI in Central Asia: Mineral and Petroleum Exploration
Extraction and Processing Projects
JSC “Uzbekneftegaz” Consolidated financial statements
JSC “Uzbekneftegaz” Consolidated financial statements
CNPC in Uzbekistan Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.