TASHKENT, Uzbekistan, February 17. Abu DhabiCommercial Bank (ADCB) has expressed its readiness to furtherexpand financing for the activities of Uzbekistan’s state energycompany Uzbekneftegaz in 2026,Trend reports via the Uzbek company.
The announcement was made during a meeting chaired by theChairman of the Management Board of JSC Uzbekneftegaz, AbduganiSanginov, with representatives of ADCB.
The sides discussed the company’s ongoing transformationprocesses, measures to strengthen financial sustainability, newinvestment projects, as well as the results achieved within theframework of current cooperation.
Cooperation between Uzbekneftegaz and the Abu Dhabi CommercialBank (ADCB) has been steadily expanding. As part of thispartnership, ADCB participated in a club loan agreement signed onMay 1, 2025, contributing $100 million. Earlier in 2025, the bankalso served as one of the joint bookrunners for the successful $850million Eurobond placement of Uzbekneftegaz on the London StockExchange, further strengthening financial ties between the twoinstitutions.