Uzbekistan: downstream deal

London-headquartered law firm Norton Rose had advised a group of export credit agencies, development banks and commercial lenders to the $4 billion Surgil gas-to-petrochemicals project located in Uzbekistan.

The group was led by the Asian Development Bank, China Development Bank, Export-Import Bank of Korea (KEXIM) and Korea Trade Insurance Corporatofion (KSURE).
Surgil – Uzbekistan’s first oil and gas project financing deal and the largest downstream project financing in the CIS region – marks the first time that export credit agencies KEXIM and KSURE, and development banks Asian Development Bank and China Development Bank have financed a project jointly.

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