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Sunday 31 May 2015 - 11:58 Makkah mean time-13-8-1436
Tashkent (IINA) – Uzbekistan and South Korea’s GS Engineering & Construction inked a memorandum of understanding (MoU) on a project for construction of a gas chemical complex worth $4.5 billion, a representative of Uzbekistan’s government told Trend New Agency.
The MoU was signed during the state visit of Uzbekistan’s President Islam Karimov to South Korea on May 27-29.
The source said the project envisaged the creation of capacities for the production of olefins from methanol.
The gas chemical complex is planned to be built by the GS Engineering & Construction and Uzbekistan’s National Holding Company Uzbekneftegaz.
The GS Engineering & Construction is one of the general contractors for the construction of the Ustyurt Gas Chemical Complex at Uzbekistan’s Surgil field.
AB/IINA
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