Refining, Korea Oil and Gas, Kogas

The construction of a gas chemicals complex in Uzbekistan to be over in October

​The JV Uz-Kor Gas Chemical in October will complete the construction of the Ustyurt gas chemicals complex in the Karakalpakistan, Uzbekistan, the chief specialist of the department of the uniform technical policy of Uzbekneftegas, S. Berdyev, said.
The complex will be launched in mid October. The Ustyurt gas chemicals complex will become the largest enterprise in the gas chemicals sector in the Central Asia.
In February 2008 Uzbekneftegas and a consortium from Korea Kor-Uz Gas Chemical Investment  founded on the parity basis the JV Kor-Uz Gas Chemical Investment  for the construction of the Ustyurt gas chemicals complex on the basis of the Surgil deposit. Currently the consortium comprises Kogas, Lotte and STX Energy.

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Uzbekistan to launch oil and gas projects costing $7.1 bln in 2015

​“Uzbekneftegas” and foreign investors will start the projects with the total value of $7.1 bln in 2015.
The program approved by the order of the President of Uzbekistan, I. Karimov, comprises 39 projects on modernization, technical and technological renewal of production in the oil and gas sector. In the structure of sources of capital investment foreign investment and loans make up $5.1 bln, company’s own funds - $1.14 bln, loans issued by the Reconstruction and Development Fund of Uzbekistan - $543.8 mln, loans issued by Uzbek banks - $313.7 mln.
In 2015 Lukoil will start the active stage of the project on the construction of a gas processing plant and development of the Kandym group of deposits in the Bukhara region with the value of $2.66 bln. The gas processing plant with the capacity of 8.1 bln cubic m of gas a year is planned to be constructed in 2019.
Uzbekneftegas and CNPC will start the construction of the 4th stage of the Uzbek part o the “Central Asia-China” gas pipeline with the total value of $800 mln. The gas pipeline with the capacity of 20 bln cubic m of gas is planned to be put into operation in 2017.

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Ustyurtsk gas chemical complex to become the largest in Central Asia

Launch of a gas chemical complex will provide annual production of 4.5 billion cubic meters of natural gas, 387 thousand tons of high density polyethylene, 83 thousand tons of polypropylene, about 100 thousand tons of pyrolysis gasoline from2016. In addition, more than a thousand new jobs will appear at the complex.
 

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Korean Kogas to build a dimethyl ether plant in the Far East for $470 million

Korean Kogas is ready to build a plant producing dimethyl ether at a cost of $470 million in the Far East, General Director of Kogas Vostok Chan Son Lee said at Sakhalin Oil and Gas international conference, Interfax reports.

As he said, the project has no financial risks. "We are going to purchase the whole voulme of the products made at this plant, thus Russia won't have to search for any sales markets", the General Director said.
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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 »

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