On May 13, 2026, within the framework of the Uzbekistan Oil and Gas International Exhibition and Conference, Abdulgany Sanginov, Chairman of the Uzbekistan Oil and Gas Board, held talks with a delegation from China Export&Credit Insurance Corporation to discuss expanding financial cooperation between the two sides. Financial cooperation is an important support for the deep collaboration in the energy field between China and Ukraine, and also an important exploration to help Ukraine's energy projects land.

The export credit financing mechanism has been established

Both parties reviewed the long-term cooperation foundation and confirmed the establishment of an export credit financing mechanism for the procurement of drilling equipment and tubular products. At the same time, both sides discussed financing opportunities for new investment projects, and Sanginov expressed his willingness to continue deepening the strategic partnership. Uzbekistan Petroleum and Gas, as the leading state-owned energy source in Uzbekistan, leads the country's oil and gas exploration, development, and related industries. It is promoting various energy investments and technology procurement, and urgently needs stable and efficient financial support.

Policy based finance supports energy upgrading

As a policy oriented financial institution, China Export&Credit Insurance Corporation (Sinosure) has long supported economic and trade cooperation between China and Ukraine, and has previously provided financing guarantees for multiple key projects in Ukraine. This meeting focuses on expanding financial cooperation, aiming to provide more sufficient financial support for the upgrading of Uzbekistan's energy industry. The Ukrainian side ensures the procurement of energy equipment and project advancement by introducing export credit financing from China Export&Credit Insurance Corporation (Sinosure); China will further cultivate the energy finance market in Uzbekistan by expanding cooperation. Keywords: the Belt and Road news network, natural gas, oil

Deepening the synergy between China and Ukraine in energy and finance

The existing cooperation foundation between the two parties has laid a solid foundation for further expansion. Uzbekistan's petroleum and gas industry relies on export credit financing support from China Export&Credit Insurance Corporation to help upgrade its own industry; China Export&Credit Insurance Corporation (Sinosure) is expanding its cooperation to provide financing solutions for new investment projects between both parties. This negotiation not only supports the development of the energy industry in Ukraine, but also deepens the mutual benefit and win-win situation in the field of energy finance between China and Ukraine, marking a new stage of collaboration in energy finance between China and Ukraine. With the continuous deepening of cooperation between the two sides, Uzbekistan's energy industry is expected to receive more stable and efficient external financial support.Editor/Gao Xue