Uzbekistan launches gas complex construction
Uzbekistan, Tashkent, March 2 / Trend D. Azizov /
Uzbekneftegaz together with the Singaporean Indorama Group has launched the a project to build a gas chemical complex with a capacity of 400,000 tons of polyethylene at the Mubarek Gas Processing Plant in the Kashkadarya region, a government source told Trend on Friday.
The project worth more than $2.5 billion will be financed by Uzbekneftegaz, and loans from the Uzbek Reconstruction and Development Fund and international financial institutions, and investments by the Singaporean company.
Uzbekneftegaz and the Uzbek Reconstruction and Development Fund will allocate $50 million this year to implement the project.
The Indorama Group will allocate the same amount, the interlocutor of the agency said.
The construction period is three years. The commissioning is scheduled for late 2015.
The Mubarek Gas Processing Plant is a Uzneftegazdobycha subsidiary.
It was previously reported that Mubarek gas processing plant increased the production of liquefied natural gas by twice - to 15,000 tons in 2011.
The Gas Processing Plant processed 27.65 billion cubic meters of natural gas last year. Besides LNG, the plant produced 298,400 tons of stabilized gas condensate and 347,800 tons of sulfur.
It is planned to master more than $280 million while implementing the projects included in the production modernization program at the Mubarek gas processing plant.
Total this year provided more than 280 master of millions of dollars in the implementation of the projects included in the program of modernization of production at the Mubarek gas processing plant.
According to the Uzbek State Statistics Committee, Uzbekistan reduced oil production by 5.8 percent in 2011, up to 1.889 million tons, gas condensate - 9.8 percent - up to 1.696 million tons, natural gas production decreased by 4.4 percent - to 63.04 billion cubic meters compared to 2010.
Production of liquefied hydrocarbon gases decreased by 1.3 percent, to 258,500 tons last year.