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Jizzakh Petroleum inks MOU for financing of Uzbekistani methanol-to-olefins

Oil & Gas Journal
 2021-06-04

Jizzakh Petroleum JV LLC, a joint venture of JSC Uzbekneftegaz and Gazprom International SA subsidiary Gas Project Development Central Asia AG, has entered a memorandum of understanding (MOU) with Russia’s Gazprombank (Joint Stock Company), State Development Corp. VEB.RF, and the Russian Agency for Export Credit and Investment Insurance (EXIAR) for financial backing of the operator’s proposed grassroots gas-to-chemicals complex based on methanol-to-olefins (MTO) technology in the Karakul area of southwestern Uzbekistan’s Bukhara region (OGJ Online, Sept. 1, 2020).

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