Tashkent, Uzbekistan (UzDaily.com) -- A meeting was held between the management of Uzbekneftegaz JSC and representatives of the American bank J.P. Morgan Chase to discuss the next stages of cooperation.

Initially, a corporate analytical presentation of the US bank was presented, reflecting the financial performance and results. Foreign partners also provided information on the financial problems currently observed in the capital market and on ongoing reforms.

At the meeting, representatives of the bank offered their services in trade financing of projects implemented by Uzbekneftegaz JSC, as well as in reducing risks in financial assets.

The parties discussed the current state and prospects for the development of financial instruments provided by the bank for joint projects.

Following the negotiations, representatives of foreign banks positively assessed the level of liquidity of Uzbekneftegaz JSC and expressed interest in further expanding cooperation in financing joint projects.