Breaking News

Asia Today ISSN 1861-4604 Tuesday, October 16, 2018


Large Gas Chemical Complex in Uzbekistan to be commissioned in October

Gas chemical complex in Karakalpakstan

Share on Facebook September 21, 2015, Reporter : Trend, Reader : 769


Tashkent, Uzbekistan, Sept. 21 By Demir Azizov– Trend: The Uzbek-Korean joint venture Uz-Kor Gas Chemical will construct the Ustyurt gas chemical complex in Karakalpakstan (an autonomous republic in north-western Uzbekistan) in October, Sanjar Berdyev, the chief specialist of the unified technical policy department of the Uzbekneftegaz National Holding Company, told reporters.

He said that the Ustyurt Gas Chemical Complex would be completed soon.

“The complex will be commissioned in mid-October,” he said. “The entire work is under completion. The complex will be commissioned in mid-October.”

As previously reported, in February 2008 Uzbekneftegaz and a consortium of Korean companies Kor-Uz Gas Chemical Investment established Uz-Kor GasChemical JV on a parity basis for the Ustyurt GCC construction project on the Surgil field. The consortium of Korean companies currently includes Kogas, Honam, and STX Energy.

The complex will annually process 4.5 billion cubic meters of natural gas and produce up to 4 billion cubic meters of marketable gas, 387,000 metric tons of polyethylene, 83,000 metric tons polypropylene and 102,000 metric tons of pyrolysis gasoline.

The project worth $4.16 billion is financed through loans of commercial banks in Asia, Europe and Uzbekistan in the amount of $2.54 billion, the equity of the joint venture founders - $1.41 billion and a loan of the Reconstruction and Development Fund of Uzbekistan in the amount of $100 million.

General contractors of the project are the Korean Samsung Engineering, GS Engineering and Hyundai Engineering. The construction began in 2012.

Follow us on Twitter @TRENDNewsAgency

More Euro Asia news of the month

Photos Entry of India, Pakistan into SCO to strengthen counteraction to terrorism

Tashkent, Uzbekistan, June 15 By Demir Azizov – Trend: The expansion of the Shanghai Cooperation Organization’s Regional...

Photos Uzbekistan studying prospects of joining TAPI

Tashkent, Uzbekistan, June 15 By Demir Azizov– Trend: Uzbekistan’s Uzbekneftegaz national holding company is studying the...

Photos Uzbekistan approves deal with French PSA Group on joint car production

Tashkent, Uzbekistan, June 14 By Demir Azizov – Trend: Uzbekistan’s President Shavkat Mirziyoyev has signed a decree to...

Photos FM: Uzbekistan attracts loans, investments worth $44B

Tashkent, Uzbekistan, May 29 By Demir Azizov – Trend: Uzbekistan has signed more than 320 trade and investment agreements and...

Photos ADB approves $80M loan for Uzbek railway electrification

Tashkent, Uzbekistan, Apr. 24 By Demir Azizov– Trend: The Asian Development Bank (ADB) has approved an $80 million loan for the...

Photos Uzbek Senate ratifies agreement on CAREC Institute establishment

Tashkent, Uzbekistan, Mar. 30 By Demir Azizov – Trend: The Senate (upper house) of the Uzbek parliament has approved a “Law...

Photos Uzbek, Chinese leaders reaffirm commitment to co-op

Tashkent, Uzbekistan, Jan. 5 By Demir Azizov – Trend: President of Uzbekistan Shavkat Mirziyoyev and Chinese President Xi...

Photos US leadership interested in development of ties with Uzbekistan

Tashkent, Uzbekistan, Oct. 30 By Demir Azizov– Trend: The US leadership is interested in consistent and stable development of...

Photos Uzbek acting president approved as presidential candidate

Tashkent, Uzbekistan, Oct. 19 By Demir Azizov – Trend: The Congress of the Movement of Entrepreneurs and Businesspeople –...

Flying Reimagined

Stock Index

Tuesday, October 16, 2018

Life Style

Photo Gallery