Uzbekistan, Tashkent, Oct. 10 / Trend D. Azizov /
The founders of "Uz-Kor Gas Chemical" joint venture intend to sign documents to finance the construction of Ustyurt Gas Chemical Complex on the field Surgil in Uzbekistan by late 2011, the National Holding Company "Uzbekneftegaz" said on Monday.
"Uz-Kor Gas Chemical" JV, Asian Development Bank, the Korean Eximbank and the Korean State Trade Insurance Corporation agreed the key conditions of financing the project "Construction of Ustyurt gas-chemical complex on the base of Surgil gas deposit", the statement said.
According to the press-service, the "Uz-Kor Gas Chemical" joint venture and creditors have also agreed on further actions and plan of actions before the general conditions of financing and loan agreements are signed by the end of this year.
The report does not specify the financial terms of the project.