TASHKENT, Uzbekistan, February 2. Uzbekistan’s Shurtan Gas Chemical Complex manufactured finished products worth 16.2 billion soums ($1.3 million) in 2023 under the localization program, which is 34 percent higher year-on-year, Trend reports.
According to the Shurtan Gas Chemical Complex, volume of sold products amounted to about 8.6 billion soums ($696,498) in 2023.
As part of the import reduction and industrial cooperation program, import-substituting domestic products worth $747,600 were mastered at the expense of available capacities and possibilities of domestic enterprises.
In addition, 32 memorandums of agreement worth 180.7 billion soums ($14.6 million) were concluded at national and international industrial fairs, 49 agreements for purchase of products and services worth 10.8 billion soums ($874,672) were signed.
It is planned to manufacture products worth 7.1 billion soums ($575,016) within the framework of 9 projects in 2024.
The complex envisages to master import-substituting products worth $309,600.
Meanwhile, Uzbekistan also aims at wider energy market transparency, as earlier this year, the country gave green light to a revised natural gas tariff, which will be enforced by Uzbekistan’s Uzbekneftegaz JSC and Shurtan Gas Chemical Complex LLC oil and gas companies.
As per the Interdepartmental Tariff Commission under the Cabinet of Ministers of Uzbekistan, this regulatory move is aimed at ensuring fairness and transparency in the natural gas market and is anticipated to have a significant impact on various sectors of the economy.