Chinese CNPC to be part of joint venture for construction of gas chemical complex in Uzbekistan

Uzbekistan, Tashkent, Sept. 17 /Trend, D. Azizov/ The China National Petroleum Corporation (CNPC) will be a part of the joint venture (JV) UzIndoramaGazChemical for the construction of a gas chemical complex at the Mubarek Gas Processing Plant (Kashkadarya Oblast, south of Uzbekistan), a source in Uzbek government circles told Trend on Tuesday. According to the interlocutor, the CNPC signed a memorandum on participation in the project with JV's founders - National Holding Company (NHC) Uzbekneftegaz and Singapore's Indorama Group. The source did not specify how the shares of participants will be re-allocated after the Chinese co-founder's accession to the joint venture. Do you have any feedback? Contact our journalist at agency@trend.az