| Location: | Namangan region |
| Sector: | Mineral and petroleum exploration, mining and processing |
| Total cost: | $ 30 mln |
| Chinese partner: | CNPC
China Development Bank |
| Uzbekstani partner: | Uzbekneftegaz |
| Construction start: | 2017 |
| Putting into commission: | 2019 |
China Development Bank (CDB) is a development bank in the People's Republic of China, led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects. CDB provides medium- to long-term financing facilities that serve China’s major long-term economic and social development strategies. Debts issued by the China Development Bank are owned by local banks and treated as risk-free assets under the proposed People's Republic of China capital adequacy rules.
Uzbekneftegaz is a state-owned holding company of Uzbekistan's oil and gas industry engaged in geological exploration, production, transportation, storage, processing and sale of oil and gas. The company ranks 11th in the world in natural gas production. It is the largest state-owned company in Uzbekistan.
National oil and gas company UzbekNefteGaz looks to CNPC and its affiliates for the supply of equipment and machinery. The deal is signed within the framework of the state’s requirement that UzbekNefteGaz doubles domestic oil extraction.
UzbekNefteGaz aims to improve its currently available proven reserves map and define the geographic areas with high potential for further development.