TMK has reached an agreement on expanding cooperation with the oil and gas company in Uzbekistan JSC Uzbekneftegaz. The parties are discussing joint projects aimed at the development of the oil and gas industry in the Republic of Uzbekistan, as well as research and technical cooperation.
ACWA Power announced the signing of three new strategic agreements, potentially worth up to USD 2.5bn, with The Ministry of Energy of Uzbekistan to amplify power generation and develop technical expertise.
Honeywell recently announced that Jizzakh Petroleum JV LLC will use Honeywell UOP technologies to build a new refinery capable of processing 5 million tons per year of crude oil to produce clean-burning gasoline, diesel and jet fuel.
POSCO has entered into a joint shareholders agreement with Samchully and Korea National Oil Corp. to survey two oil and gas fields in West Ferghana/Chinabad in Uzbekistan.
The Asian Development Bank (ADB) has approved a USD 350 million loan to finance a combined-cycle gas turbine (CCGT) 800MW power plant in Uzbekistan.
Russian Prime Minister Vladimir Putin has secured an agreement from Uzbekistan to start building a new gas pipeline to Russia in a deal that bolsters Moscow's sway over Central Asian energy supplies.