BAKU, Azerbaijan, Jan. 27
By Natavan Rzayeva - Trend:
Uzbekistan has started the implementation of the investment project "Expanding the production capacities of the Shurtan gas chemical complex", Trend reports citing the press service of Uzbekneftegaz JSC.
The project is being implemented in the Guzar district of the Kashkadarya region of Uzbekistan. The estimated cost of the project is $1.85 billion.
As a result of the project, it is planned to produce up to 280,000 tons of highly liquid bimodal polyethylene and 100,000 tons of polypropylene.
To finance the project, a loan in the amount of $300 million was attracted from the Russian Gazprombank JSC.
In addition, funds from international financial institutions, credit agencies, and commercial banks are attracted without state guarantees.
As a result of the implementation of this project, the production of polyethylene and polypropylene will be increased in Uzbekistan, which will create the basis for the production of high-quality and export-oriented goods.
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