Published by Global Banking and Finance Review
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Uzbekneftegaz and Cargill have signed a deal to attract $3 billion in investments to enhance Uzbekistan's energy sector.
TASHKENT, Dec 5 (Reuters) - A subsidiary of Uzbekistan’s state-run oil and gas company Uzbekneftegaz and Cargill signed a cooperation agreement aimed at strengthening Uzbekistan's energy security, under which the parties plan to attract $3 billion of investments, Uzbekneftegaz said on Friday.
Uzbekneftegaz’s subsidiary UNG Overseas and Cargill agreed to attract long-term financing of up to $3 billion, with the possibility of increasing the total limit to $5 billion, the company’s statement said.
According to Uzbekneftegaz, the investments will be directed to projects in household and industrial energy, infrastructure and water management.
The statement did not specify any timeline and future investors.
(Reporting by Muhammadsharif Mamatkulov, Writing by Felix Light, Editing by Alexandra Hudson)
Energy security refers to the availability of reliable and affordable energy sources for a country. It involves ensuring a stable supply of energy to meet the needs of consumers and the economy.
Infrastructure financing involves funding the construction and maintenance of essential facilities and systems, such as transportation, utilities, and communication networks, which are crucial for economic development.
A subsidiary is a company that is controlled by another company, known as the parent company. The parent company typically owns a majority of the subsidiary's shares.
Long-term financing refers to funding that is provided for an extended period, usually more than one year, to support significant investments or projects, such as infrastructure or capital expenditures.
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