IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Mar 2012 | Removal date: open ended
Still in force

Financial assistance in foreign market

The Korean Eximbank's financial support for the Surgil Natural Gas Development and Chemical Plant Construction Project in Uzbekistan has a total volume of USD 1 billion. The project is jointly established by investments from the state-owned Uzbekneftegaz (50% investment) and the Korean consortium company Uz-Kor Gas Chemical consisting of the companies Korea Gas Corporation, Honam Petrochemical Corporation, and STX Energy (50% investment). 

The project will develop the gas field in Surgil and produce natural gas and gas-related chemical products. In this project, the Korean companies will take a leading role concerning the design and construction project execution and purchase of the given products for the project.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas

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