» AUCC INTRO

The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

» Congratulatory Letter from President Islam A. Karimov on the AUCC 20th Anniversary


» For English Translation,
please click here

» Congratulations from Vincent C. Gray, Mayor of the District of Columbia

Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum

Get Flash to see this player.

» AUCC events

» Contact us

NEWS

Asian Development Bank to give $500 million for construction of synthetic fuel plant in Uzbekistan

11 January 2013

http://en.ca-news.org of 1/11/2013 - Asian Development Bank (ADB) will extend $500 million loan to Uzbekistan GTL enterprise for construction of a synthetic fuel plant, which use domestically produced gas, EnergoNews news agency reported referring to Uzbek government representatives.

"500 million is a provisional sum, discussion process is at initial stage, but there is a financial agreement between sides. ADB plans to join creditors' syndicate in 2013," the representative said.

Uzbek company Uzbekneftegaz, South African company Sasol and Malaysian company Petronas signed foundation documents to start up Uzbekistan GTL to build a GTL synthetic fuel plant on the base of Shurtan natural gas chemical complex in the country's south in November 2009. Sasol and Uzbekneftegaz own 44.5% of the project, Petronas owns 11%.

French Technip plans to complete feasibility studies of the project at the beginning of 2013, which involves refining of 3.5 billion cubic meters of gas, production of 863 thousand tons of diesel oil, 304 thousand tons of jet fuel, 395 thousand tons of naphtha and 11.2 thousand tons of liquefied gas per year. The building period is five years. Financing of plant's building, requiring $4.1 billion, will comes from the founders and a consortium of banks and financial institutions (around 70% of project's sum).