A meeting was held between the Acting Chairman of the Board of Uzbekneftegaz JSC Bakhrom Ashrafkhanov and Senior Vice President, Deputy Regional Executive Director of Mitsubishi Corporation Kazuo Inada, UzDaily reported.

During the meeting, Ashrafkhanov noted that the compressor equipment of Mitsubishi Corporation is successfully operated at the Shurtan gas chemical complex for about 20 years, and taking into account the reliability and high performance of the equipment, delivery of compressor equipment within the GTL project has been examined in detail.

Uzbekneftegaz acquainted the Japanese partners with the work carried out jointly with Boston Consulting Group to develop a concept for the oil and gas industry, providing for the implementation of investment projects for deep processing of natural gas among priority areas.

In turn, the Japanese side expressed interest in participating in the projects implemented by Uzbekneftegaz.

Inada also briefed on the possibility of attracting funds of the Japan Bank for International Cooperation (JBIC) and the Japan International Cooperation Agency (JICA) to finance the investment projects.

The parties agreed to establish a joint working group to develop specific proposals for cooperation in the oil and gas sector.


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