Uzbekistan attracts loan for GTL plant’s construction
Tashkent, Uzbekistan, May 15
By Demir Azizov– Trend:
The China Development Bank will allocate a loan worth $1.2 billion for the construction of the GTL (gas to liquids) plant for the production of synthetic liquid fuels in Uzbekistan, the Uzbekneftegaz, the country’s national oil and gas holding company, said.
The loan agreement was signed within the framework of the visit of Uzbek President Shavkat Mirziyoyev to China.
It was earlier reported that the Uzbekneftegaz started construction of GTL plant in the Qashqadaryo region (south of Uzbekistan) in January this year.
The designed capacity of the enterprise is 743,500 tons of diesel fuel, 311,000 tons of aviation kerosene, 431,100 tons of naphtha and 20,900 tons of liquefied gas per year. The raw materials (methane) will be supplied from the Shurtan Gas Chemical Complex in the volume of 3.6 billion cubic meters per year.
In accordance with the specified information, the cost of the project is $3.7 billion, and the project’s financing is provided through loans from international financial institutions and own funds of the Uzbekneftegaz.
Uzbekistan GTL LLC, a wholly-owned subsidiary of the Uzbekneftegaz, is the operator of the project, while the South Korean consortium led by the Hyundai Engineering & Construction company is the project’s general contractor.