EUCBI PRESS CENTRE

Uzbekistan to Build a New Petrochemical Plant to Use MTO Technology

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) — The Ministry of Energy of Uzbekistan and a group of investors including Uzbekneftegaz, Uzkimyosanoat, Air Products & Chemicals Inc and Enter Engineering (the «Group») signed a Project Development Agreement (PDA) to build a new petrochemical plant based on MTO (methanol-to-olefins) technology.

The purpose of the project is to use domestic supply of gas to produce chemical products with high added value in order to diversify the economy and enhance import substitution.

Under the preliminary agreements, the Group is planning to build a new 500,000 tons state-of-the-art plant, which is expected to process 1.5cbn of natural gas per annum.  Potential technical and consulting partners of this project include: Honeywell UOP, Amec Foster Wheeler, Haldor Topsoe and IHS Markit.

The facility will manufacture high-performance polymers used in several sectors of economy and other high value products, such as:  synthetic rubber, high quality plastics etc.

The facility’s location will be announced in due course and will ensure access to competitive feedstock and energy, with suitable infrastructure, to better serve domestic customers and markets across Europe and Asia.

The Minister of Energy of Uzbekistan, Mr. Alisher Sultanov, said: «The decision to build this plant is another step to drive Uzbekistan’s petrochemicals growth strategy and continue on the path of increasing exports of value-added products as well as raw materials. This project will help to build Uzbekistan’s competitiveness as a player on the international stage.»

The Group of investors jointly commented: «We are delighted to take the first step in supporting a new petrochemical plant in Uzbekistan. As a group of investors, we are keen to support projects that offer a positive return on investment whilst also being strategically attractive for the country of Uzbekistan.»

OSCE welcomed level of cooperation with Uzbekistan

150 150 eucbi

Tashkent, Uzbekistan (UzDaily.com) — On 16 May 2019, Project Coordinator of the OSCE in Uzbekistan, Ambassador John MacGregor presented a report on the the activities of his office in Tashkent from April 2018 to May 2019 during the regular meeting of the OSCE Permanent Council.

The event was attended by the heads of permanent missions of all 57 participating countries and 11 partner countries of the organization, as well as heads and representatives of OSCE bodies.

John MacGregor spoke positively about the positive changes and effective reforms in Uzbekistan in recent years, which also affects the success of his field mission. He familiarized those present in detail with the course of the project portfolio implementation and the current priorities of the mission. The high efficiency of projects implemented in the republic was noted.

The Permanent Representative of Uzbekistan to the OSCE, Sherzod Asadov, in his response, supported the activities of the coordinator John McGregor in the implementation of projects that meet the main provisions of the Strategy for Uzbekistan’s actions in the five priority development areas for 2017-2021.

It was indicated that in February of this year, the head of our state initiated five social initiatives with a special focus on youth development and strengthening the role of women in society.

Detailed information on the effectiveness of large-scale reforms implemented in the country, affecting all aspects of the country’s life, was presented.

Attention of the participants was attracted to the main initiatives of the President of Uzbekistan Shavkat Mirziyoyev at the international, regional and national levels, which, as was emphasized, fully comply with the goals and main objectives of the OSCE.

In addition, the participants received information on efforts of Uzbekistan to create favourable conditions for free media and strengthening the status of journalists, development of citizen journalism, etc.

It was underlined that Uzbekistan restored full access to some media outlets and accredited journalists of several foreign media.

The heads of the Permanent Missions of the EU, the USA, Canada, Switzerland, Norway, Turkey, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan who commented on the progress of large-scale reforms implemented in Uzbekistan and welcomed the level of interaction of the republic with the OSCE.

Uzbek President, IMF managing director discuss cooperation issues

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) — On 17 May 2019, President of Uzbekistan Shavkat Mirziyoyev received the Managing Director of the International Monetary Fund, Christine Lagarde in Tashkent.

Welcoming the guest, Uzbek President underlined with deep satisfaction the current development of constructive dialogue and mutually advantageous cooperation between Uzbekistan and the IMF.

It was noted that bilateral talks held in New York in September 2017 and in Beijing in April 2019 contributed to the establishment and enhancement of fruitful interaction.

It was underscored in particular that today, the IMF is one of Uzbekistan’s key partners in contemplating and implementing extensive reforms and change built on international best practices and knowledge.

Over the past two years, the volume of technical assistance from the IMF has increased significantly: 14 IMF missions visited Uzbekistan, the latter has used the advice of leading international consultants and experts in tax and finances.

With the assistance of the IMF, Uzbekistan joined the IMF General Statistical Data Distribution System, worked out draft laws on the Central Bank and currency regulation in new edition, introduced a new Concept of Tax Policy and Administration, among other documents and efforts.

At the meeting, Shavkat Mirziyoyev and Christine Lagarde discussed in detail the prospects and priorities for furthering the cooperation between Uzbekistan and the IMF.

Special attention was paid to the continuation of intensive interaction in improving the monetary and fiscal policies, introducing effective monetary policy instruments, perfecting the business environment and the investment climate in the country, as well as other areas.

Christine Lagarde expressed sincere gratitude to the President of Uzbekistan for the invitation to visit the country and the warm welcome. The IMF Managing Director emphasized that the IMF highly appreciates the effectiveness of the reforms vigorously spearheaded in the country, covering all sectors and areas.

Uzbekistan’s endeavors to bolster good-neighborliness and boost confidence in Central Asia and enhance regional trade, economic and humanitarian cooperation have been noted.

In conclusion, Christine Lagarde reaffirmed the willingness of the IMF to continue to provide every possible assistance and support to Uzbekistan in promoting effective reforms and ensuring sustainable growth of the national economy.

Presidents of Uzbekistan and Kazakhstan hold phone conversation

150 150 eucbi

Tashkent, Uzbekistan (UzDaily.com) — On 17 May 2019, the President of the Republic of Uzbekistan Shavkat Mirziyoyev and the President of the Republic of Kazakhstan Kassym-Jomart Tokayev held a telephone conversation.

At the beginning of the conversation, the President of Uzbekistan sincerely congratulated the President of Kazakhstan on his birthday, wishing him a sound health and great success in public service.

The sides noted with deep satisfaction that regular and productive contacts at the highest level contribute to the dynamic development and consistent consolidation of friendship, good-neighborliness and strategic partnership between Uzbekistan and Kazakhstan.

It was stressed in particular that the first state visit of the President of Kazakhstan Kassym-Jomart Tokayev to Uzbekistan in April this year opened up broad opportunities for practical cooperation in trade, economic, investment, transport and communication fields, as well as for enhancement of cultural and humanitarian dialogue.

The Presidents also exchanged views on pressing issues in the international agenda and regional cooperation.

Following the conversation, Shavkat Mirziyoyev wished Kassym-Jomart Tokayev successful conduction of the forthcoming presidential elections in Kazakhstan on 9 June.

The head of OPEC OFID can visit Uzbekistan

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) – On 15 May 2019 Uzbekistan’s Ambassador to Austria Sherzod Asadov met with the director general of the Fund for International Development of the Organization of Petroleum Exporting Countries (OPEC OFID) Abdulhamid Alkhalifa.

Established in 1975, OPEC OFID, headquartered in Vienna, is an intergovernmental development finance institution dedicated to the socio-economic support of developing countries.

Uzbekistan has been cooperating with the OPEC OFID since 1999. Currently, the Fund finances the implementation of two projects in our country for a total of US$26 million, in particular, for water supply to rural settlements of Kashan and Mubarek districts of Kashkadarya region and the development of drinking water infrastructure in Kushrabad district of Samarkand region. In March 2019, the Fund’s Board of Governors approved a project to provide drinking water to 22 localities in Yangikurgan district and the city of Namangan for a total amount of US$54 million.

During the meeting, $ was informed in detail about the Action Strategy initiated by President of Uzbekistan Shavkat Mirziyoyev in five main areas for 2017-2021 and measures taken in the “Year of Active Investments and Social Development”.

Abdulhamid Alkhalifa praised the transformations that have taken place in Uzbekistan in recent years and stressed his inspiration with the dynamism and vigor of Uzbekistan’s foreign policy, which directly contributes to strengthening and expanding the country’s foreign economic relations, enhancing international prestige and strengthening its role in solving regional and international issues.

During the meeting, specific agreements were reached on attracting the assets of the Fund to the implementation of infrastructure projects in Surkhandarya region and opening preferential loans for representatives of the private sector of Uzbekistan.

Abdulhamid Alkhalifa also expressed his readiness to make a visit to Uzbekistan before the end of this year in order to get more familiar with the course of economic reforms and discuss with the officials of our country further prospects for fruitful cooperation with the Foundation he heads.

Uzbek delegation holds meeting at Turkmen MFA

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) — A delegation of the Republic of Uzbekistan led by the Minister of Culture Bakhtiyor Sayfullayev, attending the XIV Forum of Creative and Scientific Intelligentsia of the CIS in Ashgabat, met with the Deputy Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan Rashid Meredov.

During the negotiations, held in a friendly and good-neighborly atmosphere, it was emphasized that warm and confidential dialogue established between the President of Uzbekistan Shavkat Mirziyoyev and the President of Turkmenistan Gurbanguly Berdimuhamedov opens up broad opportunities for progressive development and deepening of bilateral cooperation in various fields.

The high dynamics is demonstrated by the interaction of the two countries in the cultural and humanitarian sphere. Uzbek and Turkmen cultural and art workers regularly take part in numerous international cultural forums, festivals and conferences organized in Uzbekistan and Turkmenistan.

In particular, following the results of the International Bakhshi Art Festival held in Termez in April 2019, the representative of Turkmenistan Kerven Yovbosarov took the first place in uncompromising contest for the title of the best performer among hundreds of artists from more than 70 countries of the world.

At the meeting, the sides exchanged views on current issues of bilateral cooperation in cultural and humanitarian sphere and identified priority areas of cooperation for the future.

Uzbekistan to Build a New Petrochemical Plant to Use MTO Technology

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) — The Ministry of Energy of Uzbekistan and a group of investors including Uzbekneftegaz, Uzkimyosanoat, Air Products & Chemicals Inc and Enter Engineering (the «Group») signed a Project Development Agreement (PDA) to build a new petrochemical plant based on MTO (methanol-to-olefins) technology.

The purpose of the project is to use domestic supply of gas to produce chemical products with high added value in order to diversify the economy and enhance import substitution.

Under the preliminary agreements, the Group is planning to build a new 500,000 tons state-of-the-art plant, which is expected to process 1.5cbn of natural gas per annum.  Potential technical and consulting partners of this project include: Honeywell UOP, Amec Foster Wheeler, Haldor Topsoe and IHS Markit.

The facility will manufacture high-performance polymers used in several sectors of economy and other high value products, such as:  synthetic rubber, high quality plastics etc.

The facility’s location will be announced in due course and will ensure access to competitive feedstock and energy, with suitable infrastructure, to better serve domestic customers and markets across Europe and Asia.

The Minister of Energy of Uzbekistan, Mr. Alisher Sultanov, said: «The decision to build this plant is another step to drive Uzbekistan’s petrochemicals growth strategy and continue on the path of increasing exports of value-added products as well as raw materials. This project will help to build Uzbekistan’s competitiveness as a player on the international stage.»

The Group of investors jointly commented: «We are delighted to take the first step in supporting a new petrochemical plant in Uzbekistan. As a group of investors, we are keen to support projects that offer a positive return on investment whilst also being strategically attractive for the country of Uzbekistan.»

The Embassy of Uzbekistan in Malaysia takes part in Metaltech 2019 exhibition in Kuala Lumpur

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) — Metaltech International Exhibition since 2005 has been held annually under the auspices of the Malaysian Corporation for the Development of Foreign Trade. This year, 2 thousand companies engaged in the production of products in the field of engineering, metallurgy and the electrical industry took part in the exhibition.

During the event, a number of meetings were held, according to the results of which agreements were reached on considering the possibility of establishing cooperation on the organization of production in Uzbekistan:

— transformers and high-energy mini-batteries for industrial equipment;

— robotic production conveyor lines;

— industrial robotics with the introduction of modern innovative solutions.

“Oil and Gas of Uzbekistan — OGU 2019 and Power Uzbekistan-2019 opens in Tashkent

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) — An opening of the 23rd International Exhibition and Conference “Oil and Gas of Uzbekistan — OGU 2019”, as well as the exhibition Power Uzbekistan 2019 took place in Tashkent on 15 May 2019.

Minister of Energy of the Republic of Uzbekistan Alisher Sultanov noted in his speech, these exhibitions are vital for the energy sector of Uzbekistan.

“At the initiative of the President of Uzbekistan, large-scale reforms are being carried out in the country, the purpose of which is to modernize and restore power supply and gas supply facilities, build new power generation facilities and power lines, develop renewable energy sources, and attract investments, including through public-private partnership” — said Sultanov.

The head of the Ministry of Energy of Uzbekistan added that the exhibition will traditionally hold a council of young scientists, during which young professionals will not only get new experience and increase knowledge about the country’s energy capabilities and new technologies in this area, but also share their ideas and best practices.

Speaking to the guests, the Director General of Rosatom State Corporation Alexei Likhachev outlined a range of topics to be discussed at the International Energy Conference.

“This is an extension of the involvement of Uzbek partners to localize the construction of nuclear power plants, the application of advanced technologies of Rosatom in the creation of nuclear units, including all the most advanced security systems, and, of course, the social and economic aspects of this project, as well as the mechanisms for introducing advanced Russian technologies in energy security, ”said Likhachev.

Key events of the fuel and energy sector of Uzbekistan will last until 17 May.

On 16 May, the work of the first in Uzbekistan International Energy Conference, Power Uzbekistan 2019, will begin.

It should be noted that over 300 companies from 31 countries take part in exhibitions and conferences. Among them are Austria, Azerbaijan, Belarus, Belgium, Hungary, Great Britain, Vietnam, Germany, Denmark, India, Indonesia, Italy, Spain, Kazakhstan, Canada, China, Republic of Korea, Lithuania, Monaco, Norway, United Arab Emirates, Poland, Russia , Singapore, USA, Turkey, Uzbekistan, Ukraine, France, Switzerland, Japan.

The exhibition OGU 2019 presents the latest technological, engineering and software development for oil and gas companies from leading mining, oil and gas and oilfield services companies. Among the participants should be noted the major players of the domestic and international oil and gas community: Lukoil, Gazprom, DOW, KNOC, Hyundai Engineering, Eriell, Enter Engineering, Turboden, SOCAR, Air Products, Endress + Hauser, JUMO, KROHNE and others.

With national stands are: Italy, China, Russia. Bavaria (Germany), Republic of Tatarstan (Russia) will take part with collective stands. For the first time, Canadian companies will be represented — the Canadian Business Association in Russia and Eurasia (CERBA).

During the first two days of the work of OGU-2019, “Sessions of young scientists” will be held, which will culminate in the interactive section “Day of Young Specialists”. An interactive session of students of specialized universities will be held on 17 May, where young specialists from the Tashkent Institute of Chemical Technology, the RSU Branch of Oil and Gas. Gubkina in Tashkent, National University of Uzbekistan. M. Ulugbek and others will present to the jury the presentation of innovative solutions for the oil and gas industry. According to the results of the competition, the winners will be awarded prizes and diplomas.

The Power Uzbekistan 2019 exhibition will bring together representatives of almost all the main areas of the energy complex in the following sections: energy, energy saving, nuclear energy, electrical equipment, renewable and alternative energy sources, power electronics, heat and power equipment.

Power Uzbekistan will present the world players in the fuel and energy complex: Rosatom (Russia) is a Russian state holding company that unites more than 360 nuclear enterprises, General Electric (USA). Among the regular participants are: CALIK ENERJI, Aksa Jenerator San. A.S (Turkey), Power Machines (Russia), PJSC, ZAPOROZHTRANSFORMATOR (Ukraine), CENK (Turkey), LAMPAR Srl (Italy), Soyuzelectroavtomatika (Russia), Spetskkabeleksport (Russia) Minsk Electrical Engineering Plant (Belarus) and many others. Exporters of the Republic of Chuvashia (Russia) will take part with a collective stand.

Domestic companies will also take an active part.

Khokim of Tashkent city meets with French entrepreneurs

600 400 eucbi

Tashkent, Uzbekistan (UzDaily.com) — At the Hyatt Regency hotel, a meeting was held with Tashkent city khokim Jahongir Artikhodjaev and representatives of the Uzbek-French business council MEDEF International.

During the meeting, the parties reviewed the development of trade, economic, investment, transport and communication and tourist destinations.

Khokim of Tashkent city Jahongir Artikhodjaev said that a new era has begun in the life of Tashkent, and large-scale work is underway in the capital to create decent conditions for the population and improve the business environment. Drawing attention to the importance of using the experience of advanced countries in such urban projects, he suggested that French businessmen cooperate in this direction.

Chairman of the Uzbek-French MEDEF International Business Council, Christophe Fontein, said that Uzbekistan and Tashkent are experiencing stable economic growth, a development process in all spheres, and the French side is interested in strengthening and developing relations in general.

During the meeting, proposals for cooperation with more than 30 French companies were discussed.

The head of the company Vinci announced his intention to participate in the construction of bridges and hotels, which are planned to be built in the capital. Suez, Sade and BRL Ingenierie presented advanced technological solutions for drinking, waste and irrigation water supply.

During the meeting, a number of proposals were made for the implementation of information technologies, as well as for the supply of transport communications, building materials and food.

The mayor of Tashkent announced the launch of a new concept of the capital in connection with the expansion of the capital and said that joint projects with the Uzbek-French businessmen MEDEF International will be implemented in this region.