Honan Petrochemical

Heads of Kazakhstan and South Korea agree on uninterrupted implementation of three large projects

The Kazakh President, Nursultan Nazarbayev and President of South Korea, Park Keun Hye have agreed to implement projects on the construction of Balkhash thermal power plant, the gas-chemical complex in the Atyrau region and development of the Zhambyl deposit.
The head of South Korea is in Astana for a state visit.
"We agree with President Nazarbayev to continuously perform three major joint projects - construction of the Balkhash thermal power plant, gas-chemical complex in the Atyrau region and development of the Zhambyl deposit," - Park Keun Hye said during the joint statement.
Also, the President of Korea noted that the Presidents welcomed promotion of new projects on the extension of the production at the Tengiz deposit.

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Korean companies start the construction of gas chemical facility at the cost of $4.16 billion in Uzbekistan

Korean Samsung Engineering, GS Engineering and Hyundai Engineering have started the active stage of the technological part construction of the Ustyurt gas chemical facility in the North-West of Uzbekistan, a representative of the Cabinet’s Fuel & Energy Sector reported to  RIA Novosti on Thursday.

“The construction of the technological part has been started, the equipment mounting is in  process; the Uzbek party builds the infrastructure, the operations are carried out in accordance with the approved schedule,” – the Government’s representative specified.

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Korean companies have started the construction of a gas chemicals complex in Uzbekistan

Samsung Engineering, GS Engineering and Hyundai Engineering (Korea) have started the active stage of the construction of the technological part of the Ustyurt gas chemicals complex in the North-West of Uzbekistan.
The construction of the technological part has started, the assembly of the equipment is held, the Uzbek party is constructing the infrastructure, the works are held in conformity with the approved schedule. Read more »

Eximbank of South Korea invests $1 bln into gas project of Korean companies in Uzbekistan

The Export-Import Bank of Korea on March 26th announced about the investment of $1 bln into the gas project of the Korean companies in Uzbekistan, Dow Jones agency reports.
8 Korean companies, including Korea Gas (036460.SE) and Honam Petrochemical (011170.SE) at the present time participate in the gas project of Uzbekistan (development of the Surgilsky deposit and the project of the construction of the plant) which will also be financed by Eximbank, the announcement of the State Bank of South Korea says, Regnum reports. Read more »

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