A new gas-chemical complex could be built in Karakalpakstan in the near future, as the huge natural gas reserves were discovered in the Ustyurt region, Uzbekistan 24 reported.
"The Ustyurt exploration region has the most promising oil and gas reserves. Today it is divided into 23 investment blocks, with Uzbekneftegaz working on seven of them. We have handed over ten investment blocks to the globsl oil and gas companies, such as BP, Total, Mubadala. Whilst, while Gazprom and Epsilon have already commenced exploration at six blocks," said Bahodirjon Sidikov, chairman of Uzbekneftegaz.
The projected reserves in three fields of the central Ustyurt are at 1 trillion CM of gas, which means that another major petrochemical project is viable, he concluded.