JOGMEC Targeted For GTL Investment


News: Uzbekistan hopes to attract Japan Oil Gas and Metals National Corporation (JOGMEC) for the construction of a GTL-plant for production of synthetic fuel in the country's Kashkadarya province, reports the 12uz.com portal. JOGMEC expects to finalise its participation in the construction of the plant either through technological assistance or investments, by the summer of 2014. This comes after state-owned holding company Uzbekneftegaz, South African energy and chemical company Sasol and Malaysian state-owned oil company Petronas signed an agreement in November 2009 to set-up a joint venture named Uzbekistan GTL for the plant's construction.

This article is tagged to:
Sector: Oil & Gas
Geography: Uzbekistan