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NEWS

Lukoil, Malaysian firm to build booster compressor station in Uzbekistan

16 November 2011
http://www.menafn.com of 11/16/2011 - Lukoil Uzbekistan and Malaysia's KNM Berhad Group (KNM) have signed a contract to construct a booster compressor station on the Khauzak-Shady plot worth about $72 million, the Lukoil Uzbekistan Operating Company said.

According to the contract, KNM will develop working documents, supply equipment and render services for the supervision, installation, commissioning and staff training.

The contract's implementation term is about two years. The Malaysian company won a tender to construct a booster compressor station in May of this year.

Lukoil and Uzbekneftegaz signed PSA Kandym-Khauzak-Shady including natural gas production in the Bukhara-Khiva region in Uzbekistan in 2004.

The project cost is $3.145 billion. In autumn 2007, Lukoil began producing natural gas on the Khauzak plot. In 2010, the production volume amounted to 3 billion cubic meters. All the produced gas is exported via Gazprom's main lines.