By 2021 UzbekNefteGaz plans to increase its downstream refining and petrochemicals capacity through 78 projects worth $ 30.4 billion, it was announced at the Global Oil & Gas Uzbekistan 2017 international exhibition, which opened on Wednesday in Tashkent.
According to UzbekNefteGaz, about $ 30.7 billion were invested in 1991-2016 into Uzbekistan’s oil and gas industry, including FDIs and loans of more than $17 billion.
A new 5-year program approved by President Shavkat Mirziyoyev includes the $5.8 billion Follow-up Exploration and Development of “25 Years Of Independence” field with construction of a Gas Treatment Complex in Surkhandarya province, the $ 3.7 billion Uzbekistan GTL project and Jizzakh Oil Refinery Project worth $ 2.2 billion.
"For the downstream, it includes the integration of petrochemicals and refining with production of 15 new types of products, incuding: polyvinyl chloride, ABS plastic, synthetic rubber, aromatics, superabsorbents and others" the chairman of UzbekNefteGaz, Alisher Sultanov said at the exhibition opening address.
Chairman Sultanov drew attention to the new concept for expanding the capacity of Shurtan Gas Chemical Complex until 2021. The project worth $ 1 billion provides for an increase in the capacity of the Complex by four times to 500 thousand tons of polymers.
"This project will be integrated with Uzbekistan GTL plant, thus creating Uzbekistan's first petrochemical cluster," he said. This, in turn, will become the basis for further development of the automotive, chemical, textile, pharmaceuticals and building materials industries.
