. Last Updated: 07/27/2016

Oil Refinery Upgrade

TASHKENT, Uzbekistan () -- Japan's Mitsui & Co. Ltd. signed a contract Monday to carry out a $200 million upgrade of Uzbekistan's Fergana oil refinery, a company spokesman said.

"The contract was signed today in Tokyo with [state energy concern] Uzbekneftegaz," the Mitsui representative, who declined to be identified, told reporters in Tashkent, the Uzbek capital. Japan's Eximbank reportedly will provide a $120 million credit, and the European Bank for Reconstruction and Development will provide the remaining $80 million.