AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
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.
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