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

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Chinese CNPC to be part of joint venture for construction of gas chemical complex

Mubarek Gas Processing Plant

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Uzbekistan, Tashkent, Sept. 17 /Trend/ The China National Petroleum Corporation (CNPC) will be a part of the joint venture (JV) UzIndoramaGazChemical for the construction of a gas chemical complex at the Mubarek Gas Processing Plant (Kashkadarya Oblast, south of Uzbekistan), a source in Uzbek government circles told Trend on Tuesday.

According to the interlocutor, the CNPC signed a memorandum on participation in the project with JV's founders - National Holding Company (NHC) Uzbekneftegaz and Singapore's Indorama Group.

The source did not specify how the shares of participants will be re-allocated after the Chinese co-founder's accession to the joint venture.

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